Maybank Kim Eng Securities (Thailand)’s debentures get ‘AA(tha)’ rating from Fitch

Fitch Ratings (Thailand) on Tuesday assigned a national long-term rating of “AA(tha)” to Maybank Kim Eng Securities (Thailand)’s upcoming baht-denominated subordinated debentures.

The listed company will issue up to Bt500 million of such debentures, which at issue will have a maximum tenor of one year.

The securities firm plans to use the proceeds from the issuance to manage its funding and liquidity requirements.