TRIS Rating Co., Ltd. has announced today that the changes in the management team of Nava Leasing PLC (NVL) may impact the company's business strategy and financial policy, all of which are important factors in NVL's credit ratings. NVL informed the Stock Exchange of Thailand (SET) that it has changed its top management team from the levels of assistant managing director up to managing director.
TRIS Rating will closely monitor the impact of the changes and will issue a rating update for NVL once the review has been completed. The current company rating of NVL is "BBB/Negative" while the rating of its senior secured debentures is "BBB+/Negative", TRIS Rating said. - End
Nava Leasing PLC (NVL) Company Rating: BBB/Negative Issue Rating: NVL063A: Bt1,200 million senior secured debentures due 2006 BBB+