with high level of loan loss provision and capital fund to facilitate further credit expansion. Credit Rating Land and Houses Bank Public Company Limited is assigned the company rating of “A-” (Single A

option/Put option The issuer has the right to redeem the debentures before maturity Credit rating of debentures -None- Lead managers Ktb Securities (Thailand) Public Co., Ltd. 2 Debenture Holders

Bangkok Commercial Asset Management Public Company Limited 1.4 Company’s credit rating On February 17, 2020, TRIS Rating Co., Ltd. rated the company for the first time on the Standalone basis at “A-” with a

customers in Bangkok. 1.4 Company’s credit rating On February 17, 2020, TRIS Rating Co., Ltd. rated the company for the first time on the Standalone basis at “A-” with a “Stable outlook”. On February 19, 2020

large infrastructure projects will continue to support the economic growth and help bolster private investment recovery going forward. Nevertheless, monetary policies in the US and Europe necessitate

agent; “mutual fund rating” means giving advice or opinion or suitability of investment in a mutual fund in comparative value and may be giving a sign or other symbol for supplementing such advice or

. The MPC deemed the easing in monetary policy since the beginning of the year, as well as additional fiscal, financial and credit measures, will help mitigate the effects of the pandemic and support

, as well as policies to support Thailand’s long term competitiveness, including the Eastern Economic Corridor (EEC) project – which aims to promote Thailand as one of the region’s logistics hubs and

management continued resulting in controlled network OPEX. SG&A rose in the quarter to support customer acquisition and the one- time expense of Bt134mn on withholding tax. As a result, normalizing the one

Bt109,700mn with a net debt to EBITDA of 1.4x, stable from 2016, and maintained an investment grade credit rating at BBB+ for S&P. Cash Flow In 2017, AIS generated Bt65,528mn of operating cash flow ( after tax