TRIS Rating for WHAUP stands at ‘A-‘

Corporate March 22, 2019 18:10

By The Nation

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TRIS Rating for WHAUP stands at ‘A-‘ The Nation TRIS Rating has set the rating for WHA Utilities and Power PLC (WHAUP) at “A-”, reflecting its status as a core subsidiary of WHA Corporation PLC (WHA), which was given “A-/Stable”.

WHA is Thailand’s leading developer of industrial estates and fully integrated logistics.

The ratings also take into consideration WHAUP’s position as a sole utility service provider in a number of large industrial estates in Thailand and neighbouring countries, with a strong financial profile and a recurring income from its investments in the power segment.

In 2018, WHAUP generated revenues of Bt1,871 million (22 per cent of WHA’s total revenues) and Bt1,279 million in earnings before interest, tax, depreciation and amortisation or EBITDA at 30 per cent of WHA’s EBITDA.

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