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Fitch Downgrades FNS Holdings to 'B(tha)'; Outlook Stable

Fitch Ratings (Thailand) Limited has downgraded FNS Holdings Public Company Limited’s National Long-Term Rating to ‘B(tha)’, from ‘BBB-(tha)’, and its National Short-Term Rating to ‘B(tha)’, from ‘F3(tha)’. The ratings have been removed from Rating Watch Negative, on which they were placed on 28 December 2021. The Outlook is Stable. The downgrade reflects the sharp deterioration […] ....

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