Dusit International has opened the Dusit Suites Hotel Ratchadamri, Bangkok – its first all-suite property – amidst one of the city’s most vibrant | eTurboNews | Travel News | Hotels & Resorts
Developers crucial in sustainability effort bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
CPN adjusts strategy as profit drops 17% bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
TRIS Rating affirms the company rating on Dusit Thani PLC (DTC) and the ratings on its outstanding senior unsecured debentures at ?BBB-? with a ?negative? outlook. At the same time, we assign a rating of ?BBB-? to DTC?s proposed issue of up to THB1 billion in senior unsecured debentures. The proceeds from the new debentures will be used to refinance debentures coming due in September 2021.
The ratings reflect our expectation that DTC?s financial profile will continue to be under tight pressure over the short to medium term, induced by the fallout from the Coronavirus Disease 2019 (COVID-19) pandemic on its hotel operations and the large investment required for the development of the ?Dusit Central Park? project. DTC?s adjusted ratio of debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to stay elevated at a level above 10 times until 2024. If the Dusit Central project proceeds as planned, the financial risk profile of the company should begi