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Fitch Ratings improve outlook of 4 banks

ThaiVest Editorial TeamDecember 1, 2009BanksBAYFitch RatingsKbankSCBTMB

Fitch Ratings yesterday revised the international ratings’ Outlooks of the four largest private Thai banks – Bangkok Bank (BBL), Siam Commercial Bank (SCB), Kasikornbank (KBANK), and Bank of Ayudhya (BAY), to Stable from Negative. TMB Bank (TMB)’s international ratings remain on Negative Outlook. The rating agency said that the outlook change reflects the resilient performance of the four banks for the first nine months of this year, despite a significant decline in Thailand’s economy. (The Nation)

Tags:BanksBAYFitch RatingsKbankSCBTMB
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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