LAND & HOUSES TRIS ASSIGNS “A+” RATING ON COMPANY, BONDS

 The ratings reflect the company’s leading position in the residential property development market, strong brand position in several product types, reliable stream of income from rental assets, and a moderate level of financial leverage.

The ratings also take into consideration the financial flexibility LH derives from its portfolio of recurring income assets and marketable securities, the cyclicality and competitive environment in the residential property development business, and concern over the high level of Thailand’s household debt which impacts the affordability of homebuyers, especially in the middle- to low-income segments.