engagements in the capital market has improved continuously, as seen from the fact that 93 percent of the approved auditors received “good” to “very good” assessment rating and the number of the auditors rated

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

1 ปริย เตชะมวลไววิทย์ ผู้อ ำนวยกำรฝ่ำยงำนเลขำธิกำรและสื่อสำรองค์กร ส ำนักงำนคณะกรรมกำรก ำกับหลกัทรัพย์และตลำดหลักทรัพย์ (ก.ล.ต.) วันนี้ผมขอพูดถึง non-rated bond ซึ่งเป็นตราสารทางการเงินในตลาดทุนที่

; May 23 , 2019 Spread Analysis BTSG Spread Over Govt VS A Rated Corp Spread Over Govt Tenor 2Y 3Y 5Y 7Y 10Y BTSG Spread 0.69% 0.75% 1.07% 1.30% 1.34% A Rated Corp Spread 0.68% 0.83% 1.10% 1.27% 1.41

the credit was not rated and found defects in consideration of important information or factors with respect to the issuer, and this affected its capability to repay the principal and pay interest

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

instruments of which the credit was not rated and found defects in consideration of important information or factors with respect to the issuer, and this affected its capability to repay the principal and

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

– investment grade) หรือไม่ได้จัดอันดับความน่าเชื่อถือ (non – rated)* มักจะนำทรัพย์สินมาวางเป็นหลักทรัพย์ค้ำประกันในการออกหุ้นกู้มากกว่า อย่างไรก็ดี การมี หลักประกันหรือไม่ขึ้นอยู่กับการพิจารณาของผู้ออกหุ้นกู้