Sign up | Log in



Home  >>   Daily News  >>   Thailand  News  >>   Energy  >>   Moody’s revises PTT ratings down
NEWS UPDATES Asean Affairs        22  February 2011

Moody’s revises PTT ratings down

Related Stories

February 4, 2011
Thai firm plans wind energy project

February 1, 2011
Regulators worried over Thailand's free electricity scheme

January 3,2011
Alternative fuels in Thailand gain

Moody's Investors Service has revised down its ratings for Thailand’s PTT, the national energy and integrated gas company, issuer and foreign currency bonds from AAA to Baa1 while saying the company's financial status and earnings remain strong.

The ratings agency is maintaining an outlook of "stable" on the company's credit rating, equal to that of the country.

Moody's explained the revision on the rising financial burden of PTT and subsidiary PTT Exploration and Production amid high investment exposure.

PTT posted a net profit of 61.4 billion for the first nine months of 2010 against a full-year figure of 59.6 billion for 2009.

It expects good results for the fourth quarter on soaring prices of crude and related products. Tevin Vongvanich, PTT's chief financial officer, said both companies are operating under strict financial discipline, and the investment exposure will generate good returns.

He said this latest revision will therefore have no affect on PTT's existing financial costs. For future financial sourcing, financial costs will depend largely on market conditions, with PTT's fund-raising decisions based on the least financial impact.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    22  February 2011 Subsribe Now !
• UN reveals paradigm shift for green economy
Subcribe: Asean Affairs Global Magazine
• AirAsia Indonesia looks at fourth-quarter IPO Asean Affairs Premium
• Maybank set for stronger earnings
• Defence industry investors urged to pick Malaysia
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Twelve ethnic groups in Myanmar unite
• Moody’s revises PTT ratings down
• Thai 3G deal faces legal scrutiny
• Vietnam’s agriculture fails to attract FDI
Asean Analysis    22   February 2011 Advertise Your Brand
• Cambodian-Thai border dispute heads to Indonesia Sponsor Our Events
Asean Stock Watch    22  February 2011
• ASEAN Markets Great Buying This Week
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand