Thai Rating and Information Services Co., Ltd. (TRIS) announced in a CreditUpdate Thursday 29 November 2001 that it has cancelled the ratings it assigned to Cal-Comp Electronics (Thailand) PLC (CCET) and Preuksa Real Estate Co., Ltd. (Preuksa).
The cancelled ratings of CCET are CCET's company and issue ratings of proposed Bt4,000 mllion senior debentures while Preuksa's is its company rating. TRIS said that these ratings were cancelled upon the request of CCET and Preuksa. TRIS will no longer monitor the ratings of these two companies, and the ratings assigned previously cannot be used as references.
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 CreditUpdate announces whether a rating has been "upgraded," "downgraded," "affirmed" or "cancelled." The update includes information to supplement the previously published ratings.
CreditUpdates are part of TRIS's monitoring process. TRIS monitors every rating it assigns until either the debt instrument matures or the rating contract ends. To keep the public informed of changing situations, TRIS periodically issues announcements about the credit ratings it monitors.
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The cancelled ratings of CCET are CCET's company and issue ratings of proposed Bt4,000 mllion senior debentures while Preuksa's is its company rating. TRIS said that these ratings were cancelled upon the request of CCET and Preuksa. TRIS will no longer monitor the ratings of these two companies, and the ratings assigned previously cannot be used as references.
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 CreditUpdate announces whether a rating has been "upgraded," "downgraded," "affirmed" or "cancelled." The update includes information to supplement the previously published ratings.
CreditUpdates are part of TRIS's monitoring process. TRIS monitors every rating it assigns until either the debt instrument matures or the rating contract ends. To keep the public informed of changing situations, TRIS periodically issues announcements about the credit ratings it monitors.
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