TRIS Rating affirms the ratings on the outstanding guaranteed debentures of Frasers Property Holdings (Thailand) Co., Ltd. (FPHT or Issuer) at ?AA-?. At the same time, we assign a ?negative? outlook to the ratings. The debentures are issued under FPHT?s THB25 billion debenture program and fully guaranteed by Frasers Property Ltd. (FPL or Guarantor). FPHT is a wholly-owned subsidiary of FPL. The issue ratings reflect the creditworthiness of the guarantor (rated ?AA-? with a ?negative? outlook by TRIS Rating).
The ?negative? outlook reflects our view that FPL?s leverage is likely to stay elevated, exceeding the threshold of adjusted debt to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio of below 12 times for the assigned ratings, at least over the next 12-18 months. We expect the company?s earnings to continue to be pressured by the lingering adverse impacts of the Coronavirus Disease 2019 (COVID-19) pandemic and weak macroeconomic backdrop, particularl
The PARQ signed a new office leasing contract with 3M, sharing common visions of sustainability and innovation
published : 15 Dec 2020 at 17:44
Photo shows – Mr. Kamolnai Chaixanien, (2nd from left), Executive Director of TCC Assets (Thailand) Co., Ltd., together with Mrs. Wiyada Srinaganand,(2nd from right), Country Leader of 3M Thailand, including Mr. Dan Tantisunthorn,(far left), Senior Vice President, Head of Offices of FPHT, and Mrs. Pojana Pairatchakul, (far right), Head of Facilities and Services of 3M Thailand joining the signing ceremony at The PARQ
The PARQ, the mixed-use development integrating smart workplaces and retail under the concept of “Life Well Balanced”, recently signed a new office leasing contract with 3M, a global science-based innovation company known for manufacturing quality industrial, safety and consumer products. With the total area of over 6,400 sqm., 3M is set to use the new office space at The PARQ Workplace as i