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INSURANCE BBL subsidiary Bualuang rated ‘AA/Stable’
Corporate December 28, 2018 01:00
By The Nation
TRIS Rating has affirmed the company rating on Bualuang Securities Plc (BLS) at “AA/Stable”.
BLS’s rating is enhanced from its stand-alone credit profile to reflect its status as a highly strategic subsidiary of Bangkok Bank PCL (BBL).
BLS’s stand-alone rating also takes into account the company’s well-diversified revenue mix, strong market position and profitability, limited exposure to market and credit risk, and sufficient funding and liquidity.