TRIS Rating also gave the rating on EA’s partially guaranteed debentures at “A” and the ratings on EA’s fully guaranteed debentures at “AA”.

The debentures are guaranteed by Siam Commercial Bank (SCB), which is rated “BBB+” (international scale) by S&P Global Ratings.

TRIS Rating also assigned a rating to EA’s newly proposed issue of up to Bt3 billion in senior unsecured debentures at “A-”. The one notch down from the company rating reflects the structural subordination of the senior unsecured debentures since EA is a holding company. The proceeds from the issuance will be mainly used to finance its wind power project.