conditions* for the following actions, which may be deemed as entering into a contract with any one or multiple creditors for the purpose of debt restructuring that has the characteristics of debt payment

Stable Stable Standard & Poor’s Long-term Issuer Credit Rating BBB+ BBB+ BBB+ Short-term Issuer Credit Rating A-2 A-2 A-2 Senior Unsecured Debt Instrument BBB+ BBB+ BBB+ Subordinated Debt Instrument BBB

. Challenges persisted, including uneven income recovery, restrained spending in mid to low-income segments, high household debt, and global macroeconomic uncertainties. As a consequence, the overall economic

Service Long term - Deposits Baa1 Baa1 Baa1 Short term - Debt instruments / deposits P-2 / P-2 P-2 / P-2 P-2 / P-2 Senior unsecured debt instruments Baa1 Baa1 Baa1 Subordinated debt instruments Baa3 Baa3

lower long term borrowing from debt repayment and lower spectrum payable and lease liability. Interest-bearing debt stood at Bt116,749mn, decreasing by -8.2%. Total equity was at Bt88,278mn, decreasing

Agency * June 30, 2018 March 31, 2018 December 31, 2017 Moody’s Investors Service Long-term Deposit Baa1 Baa1 Baa1 Short-term Deposit P-2 P-2 P-2 Senior Unsecured Debt Instrument Baa1 Baa1 Baa1

including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget

the 1st quarter ended 31 March Description Unit 2018 2017 2016 1. Liquidity ratio Time 9.48 6.69 9.48 2. Liquidity quick ratio Time 1.47 3.26 6.16 3. Average debt collection time Day 53 62 45 4. Average

millio in equal to 4 solidated fina t, which was of 4.4 percen kably succes nd compare w rst quarter in second qua to be a net p on of the grou on the perfo of Profit and    me from debt others rvice

rising for long-term debt to funding business expansion and debt profile convert from short-term to long-term. Debentures increase by 3,884 million Baht. Cash Flow Statement For the year of 2017, the Cash