TRIS Rating Co., Ltd. has cancelled the rating of Nestl? (Thai) Ltd.’s (NTH) Bt5,000 million guaranteed debentures (NTH086A). The cancellation came at the request of NTH due to the maturity of its debentures.
At the same time, TRIS Rating has also cancelled the company rating of United Farmer & Industry Co., Ltd. (UFIC) following the request of UFIC due to the expiration of the credit rating service agreement and the company does not have any plans to issue debentures in the near future.
Therefore, TRIS Rating will no longer monitor the previous ratings assigned to NTH’s guaranteed debentures at “AAA/Stable” and the company rating assigned to UFIC at “BBB+/Stable”. -- End
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Copyright 2008, TRIS Rating Co., Ltd. All rights reserved. Any unauthorized use, disclosure, copying, republication, further transmission, dissemination, redistribution or storing for subsequent use for any purpose, in whole or in part, in any form or manner or by any means whatsoever, by any person, of the credit rating reports or information is prohibited. The credit rating is not a statement of fact or a recommendation to buy, sell or hold any debt instruments. It is an expression of opinion regarding credit risks for that instrument or particular company. The opinion expressed in the credit rating does not represent investment or other advice and should therefore not be construed as such. Any rating and information contained in any report written or published by TRIS Rating has been prepared without taking into account any recipient’s particular financial needs, circumstances, knowledge and objectives. Therefore, a recipient should assess the appropriateness of such information before making an investment decision based on this information. Information used for the rating has been obtained by TRIS Rating from the company and other sources believed to be reliable. Therefore, TRIS Rating does not guarantee the accuracy, adequacy, or completeness of any such information and will accept no liability for any loss or damage arising from any inaccuracy, inadequacy or incompleteness. Also, TRIS Rating is not responsible for any errors or omissions, the result obtained from, or any actions taken in reliance upon such information.
At the same time, TRIS Rating has also cancelled the company rating of United Farmer & Industry Co., Ltd. (UFIC) following the request of UFIC due to the expiration of the credit rating service agreement and the company does not have any plans to issue debentures in the near future.
Therefore, TRIS Rating will no longer monitor the previous ratings assigned to NTH’s guaranteed debentures at “AAA/Stable” and the company rating assigned to UFIC at “BBB+/Stable”. -- End
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Copyright 2008, TRIS Rating Co., Ltd. All rights reserved. Any unauthorized use, disclosure, copying, republication, further transmission, dissemination, redistribution or storing for subsequent use for any purpose, in whole or in part, in any form or manner or by any means whatsoever, by any person, of the credit rating reports or information is prohibited. The credit rating is not a statement of fact or a recommendation to buy, sell or hold any debt instruments. It is an expression of opinion regarding credit risks for that instrument or particular company. The opinion expressed in the credit rating does not represent investment or other advice and should therefore not be construed as such. Any rating and information contained in any report written or published by TRIS Rating has been prepared without taking into account any recipient’s particular financial needs, circumstances, knowledge and objectives. Therefore, a recipient should assess the appropriateness of such information before making an investment decision based on this information. Information used for the rating has been obtained by TRIS Rating from the company and other sources believed to be reliable. Therefore, TRIS Rating does not guarantee the accuracy, adequacy, or completeness of any such information and will accept no liability for any loss or damage arising from any inaccuracy, inadequacy or incompleteness. Also, TRIS Rating is not responsible for any errors or omissions, the result obtained from, or any actions taken in reliance upon such information.