Thailand-based IRPC Public Company Limited (A-(tha)/Stable) has upsized its medium-term debenture programme to THB40 billion, from THB28 billion as rated on 9 July 2020 and recently affirmed on 15 March 2022. The outstanding debentures under the programme total THB24 billion.
Fitch Ratings (Thailand) has maintained a National Long-Term Rating of 'A-(tha)' on the upsized debenture programme. The debentures under the programme are senior unsecured with a maturity of up to 30 years and are rated at the same level as IRPC's National Long-Term Rating, as they constitute its direct, unsecured, unconditional and unsubordinated obligations.
For more information on the National Long-Term Rating and other ratings of IRPC, please see Fitch Affirms Thailand's IRPC at 'A-(tha)'; Stable Outlook; Rates Proposed Debentures at 'A-(tha)'