TRIS upgrades Siam Panich Leasing ratings

Newswire

BANGKOK, Dec 24 (Reuters) - TRIS Rating Co said on Tuesday it upgraded the ratings of Siam Panich Leasing Plc's SPL055A and SPL036A senior debentures to "A-" from "BBB+". The Thai rating agency said the upgrades were based on an improvement in SPL's financial profile since the Asian economic crisis of 1997, thanks to solid relationships with automobile manufacturers and dealers. TRIS said the ratings were also supported by good business prospects as demand increased for automobiles and hire ...

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