Fitch Downgrades JWD InfoLogistics to BBB-(tha) ; Outlook Stable thaipr.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thaipr.net Daily Mail and Mail on Sunday newspapers.
Fitch Ratings (Thailand) Limited has assigned a first-time National Long-Term Rating of AAA(tha) to JWD InfoLogistics Public Company Limited s (JWD, BBB(tha)/Negative) proposed bond programme of up to THB1.9 billion. The scheduled payments of interest and principal of the bonds issued under the programme will be unconditionally and irrevocably guaranteed by Credit Guarantee and Investment Facility (CGIF).
KEY RATING DRIVERS
Guarantee from CGIF: The rating on the proposed bond programme is based solely on the unconditional and irrevocable guarantee of scheduled payments of interest and principal provided by CGIF. CGIF s payment obligations under the guarantee rank pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law (if any). In Fitch s view CGIF s credit profile is stronger than Thailand s Long-Term Foreign-Currency Issuer Default Rating (IDR) of BBB+ , which is equivalent to AAA(tha) on the Nat
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