Bangkok--Feb 26--TRIS
Thai Rating and Information Services (TRIS) announced
Thursday 26 February 1998 in a CreditUpdate that it had lowered
the corporte credit rating of Aeronautical Radio of Thailand Ltd.
(AEROTHAI) to "A+" from "AA-"
The rating continues to reflect AEROTHAI's close ties to the
government. The downgrade is based upon the country's increased economic
risk, which is greater than expected, implying the government's diminished
ability to offer support. The rating also indicates AEROTHAI's strategic
importance to the country and its efficient business operation. TRIS
remains concerned about how the company's future investment plans and
increasing operating expenses may affcet its financial profile.
Note: Aeronautical Radio of Thailand Ltd. (AEROTHAI) TRIS's rating
Sr. debt: Downgraded to A+ from AA-
"CreditUpdate" reviews ratings of companies or debt issues that have
already been rated by TRIS. 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
Thursday 26 February 1998 in a CreditUpdate that it had lowered
the corporte credit rating of Aeronautical Radio of Thailand Ltd.
(AEROTHAI) to "A+" from "AA-"
The rating continues to reflect AEROTHAI's close ties to the
government. The downgrade is based upon the country's increased economic
risk, which is greater than expected, implying the government's diminished
ability to offer support. The rating also indicates AEROTHAI's strategic
importance to the country and its efficient business operation. TRIS
remains concerned about how the company's future investment plans and
increasing operating expenses may affcet its financial profile.
Note: Aeronautical Radio of Thailand Ltd. (AEROTHAI) TRIS's rating
Sr. debt: Downgraded to A+ from AA-
"CreditUpdate" reviews ratings of companies or debt issues that have
already been rated by TRIS. 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.