background-defaultbackground-default
logo-pwa

The Nationthailand

Add to Home Screen.

Add
Close
FRIDAY, December 02, 2022
nationthailand
M.K. Real Estate Development rating confirmed at ‘BBB’

M.K. Real Estate Development rating confirmed at ‘BBB’

MONDAY, April 15, 2019

TRIS Rating has given M.K. Real Estate Development Plc (MK) a company rating of “BBB” and revised the outlook downwards from “stable” to “negative”.


The “negative” outlook reflects concerns over a weaker financial profile given its expansion into new businesses. The rating continues to reflect MK’s acceptable brand recognition in the housing segment and improving residential property sales. However, the rating is constrained by MK’s relatively volatile profitability and a looming rise in financial leverage. 
The rating also incorporates the concern over the high level of household debt nationwide, which limits the purchasing power of homebuyers. Recent regulatory changes, introduced by the Bank of Thailand (BOT), may also affect the availability of mortgage loans.

nationthailand