Fitch gives TOP ‘AA-’ rating, says outlook stable
Fitch Ratings (Thailand) has affirmed an “AA-” national long-term rating and senior unsecured national rating for refining and petrochemical firm Thai Oil, while giving it an “F1+” national short-term rating.
The outlook is stable, Fitch said.
The affirmation reflects TOP’s continuing strong business profile.
The current low financial leverage provides headroom for the company’s plan for significant new investment, which is under review.
