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Moody’s Ratings affirms EXIM Bank of Thailand’s Baa1 ratings with outlook remaining stable
An upgrade of EXIMT's long-term ratings is unlikely because they are already at the same level as the Government of Thailand's sovereign rating. However, we could upgrade EXIMT's BCA if the bank improves its solvency metrics, with its problem loan ratio decreasing below 3%
Singapore, November 12, 2024 — Moody’s Ratings (Moody’s) has today affirmed Export-Import Bank of Thailand’s (EXIMT) Baa1 foreign currency (FC) long-term (LT) issuer and FC senior unsecured ratings, as well as the bank’s ba3 Baseline Credit Assessment (BCA) and adjusted BCA.
At the same time, we have affirmed EXIMT’s (P)Baa1 FC senior unsecured medium-term note program, Baa1 LT FC and local currency (LC) Counterparty Risk Ratings (CRRs), Baa1(cr) LT Counterparty Risk (CR) Assessment, P-2 short-term (ST) FC and LC CRR, and P-2(cr) ST CR Assessment.
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