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Fitch affirms Mercedes-Benz (Thailand) MTN ratings at ‘AAA(tha)’
Corporate July 23, 2018 17:05
By The Nation
Fitch Ratings (Thailand) has affirmed its national long-term rating on Mercedes-Benz (Thailand)’s medium-term note (MTN) programme of up to Bt15 billion (MTN-2) and its Bt10-billion MTN programme (MTN-1), with both at “AAA(tha)” and a stable outlook.
At the same time, the agency has affirmed Mercedes-Benz (Thailand)’s existing Bt9.7-billion guaranteed debentures under the programmes, also at “AAA(tha)” with a stable outlook.
The debentures under the MTN programmes are guaranteed by Mercedes-Benz’s parent, Germany’s Daimler.
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