mutual understanding that the information is shared confidentially. The Principles are high-level objectives that CRAs, regulators, rated entities, obligors, underwriters, arrangers, and other market

objectives that CRAs, regulators, rated entities, obligors, underwriters, arrangers, and other market participants should strive toward in order to improve investor protection and the fairness, efficiency and

per ton (YoY) in an otherwise strong season. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in IVL’s core earn- ings follows on from IVL’s consistent strategy of prudent

Tenor : 5 years Maturity Date : Within 2025 Interest Rate : 2.45% - 2.70% per annum Interest Payment Date : Semi-annually Credit rating : “AA" with a “Stable” outlook rated by TRIS Rating Co., Ltd. The

Industry (Laos) Co., Ltd. of 50.10MB was included in year 2016. The company sustained steady progress in its make-over strategy into renewable Energy by acquiring another 30MW of solar farms in Thailand in

for milk and yogurt and consumer was in steady state. 2. The consolidated gross profit margin was 13.48%, decreased from the same period of last year at 15.43% due to increase in plastic resin cost

to certain groups of customers and limited growth in some types of loans amid an uneven economic recovery. In addition, net fees and service income of the banking system continued to enjoy steady

respectively. The Company has steady income from the business with the main transactions from the transmission tower and cable network installation for TRUE and CAT for instance. Maintenance and Service Business

a steady growth of FTTx subscribers. 2. TFRS 16 Leases As a result of the effectiveness of the TFRS 16 Leases in 2020, it is required that the lease liabilities and the right-of-use assets for the

competition is severe. However, the Company is rated A- by Tris Rating Co., Ltd. Consequently, the Company is able to save costs from lower interest rates when raising funds from financial institutions or