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Fitch Downgrades FNS Holdings to 'B-(tha)'; on Rating Watch Negative

Fitch Ratings (Thailand) Limited has downgraded FNS Holdings Public Company Limiteds National Long-Term Rating to B-(tha), from B(tha). All of FNSs ratings have been placed on Rating Watch Negative (RWN).The downgrade and RWN reflect high ....

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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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Prospect allots B5bn for new warehouse, factory space

Factory and warehouse developer Prospect Development Co plans to invest 5 billion baht during 2022-24 to develop 480,000 square metres of new space in Bang Phli, Bang Pakong and Wang Noi to capitalise on strong demand from e-commerce businesses. ....

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