Bangkok--Nov 11--TRIS
Thai Rating and Information Services (TRIS) announced on Wednesday 11 November 1998 that it has cancelled the company rating and 7,500 million baht subordinated debentures rating it assigned to the Thai Farmers Bank PLC (TFB) because TFB's credit rating contract with TRIS has expired.
TRIS will no longer monitor TFB's credit ratings, and the ratings assigned previously cannot be used as references.
Therefore, all previous rating reports on TFB made by TRIS have also been cancelled.
Note: "CreditUpdate" reviews ratings of companies or debt issues that have already been rated by TRIS. The CreditUpdate occurs when new debt instruments are issued or if significant events have taken place that may impact a company's current ratings or when current ratings are cancelled. The update includes information to supplement the previously published ratings. End.
Thai Rating and Information Services (TRIS) announced on Wednesday 11 November 1998 that it has cancelled the company rating and 7,500 million baht subordinated debentures rating it assigned to the Thai Farmers Bank PLC (TFB) because TFB's credit rating contract with TRIS has expired.
TRIS will no longer monitor TFB's credit ratings, and the ratings assigned previously cannot be used as references.
Therefore, all previous rating reports on TFB made by TRIS have also been cancelled.
Note: "CreditUpdate" reviews ratings of companies or debt issues that have already been rated by TRIS. The CreditUpdate occurs when new debt instruments are issued or if significant events have taken place that may impact a company's current ratings or when current ratings are cancelled. The update includes information to supplement the previously published ratings. End.