operations. IVL who has management control of IRSL can leverage its global relationship to provide the required credit support in the present crisis. Moreover, in providing such financial support, IVL will
expected credit losses by considering economic conditions in the past, present and future under various assumptions and circumstances. Meanwhile, the impact of the Covid-19 outbreak on the Thai and global
/62 16 Credit Ratings As of September 30, 2019, Moody’s Investors Service, S&P Global Ratings and Fitch Ratings maintained the Bank’s credit ratings from the end of June 2019 and the end of 2018. In
Baa1 Baa1 Subordinated Debt Instrument Baa3 Baa3 Baa3 Financial Strength (BCA) baa2 baa2 baa2 Outlook Stable Stable Stable S&P Global Ratings Long-term Issuer Credit Rating BBB+ BBB+ BBB+ Short-term
&P Global Ratings Long-term Issuer Credit Rating BBB+ BBB+ BBB+ BBB+ Short-term Issuer Credit Rating A-2 A-2 A-2 A-2 Senior Unsecured Debt Instrument BBB+ BBB+ BBB+ BBB+ Subordinated Debt Instrument
4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018
1.05% from the previous quarter. However, substance economic challenges are remained such as global economic recession as a result of policy interest rate increment, high household debt level increasing
global inflation. The company performance of the fiscal year of 2021, the Company has total sales increase by 5% y-y. As a result of an increase of new spending volume and new products to be in line with
%, compared to a growth of 1.5% in the previous quarter, according to data from Bank of Thailand and NESDB. This was mainly from contraction of export sector due to sluggish demand in the global market, oil