Ngern Tid Lor Public Company Limited, or TIDLOR, announced the reaffirmation of its “A/Stable” rating by TRIS Rating Co., Ltd. This rating affirms the organisation's credit ranking and confirms that the company’s senior bonds are not immediately affected by the organisational and shareholding restructuring.
The reaffirmation of a “Stable” outlook is based on TRIS Rating's forecast that the company will maintain a solid capital foundation and leadership in the vehicle title loan market, alongside exceptional performance. Furthermore, TRIS Rating expects the company to maintain asset quality control at an acceptable level.
Piyasak Ukritnukun, Managing Director, stated, “The reaffirmation of the ‘A/Stable’ outlook is crucial for business operations as the bond trustworthiness reflects positively on the company’s reliable status for fundraising in the bond market. The ‘A’ credit rating is categorised as Investment Grade, a reliable rating indicating that interest among the majority of institutional investors is high and the investment usually yields good returns.”
Organisations with higher credit ratings tend to issue bonds at lower interest rates, resulting in slower growth of operational costs, which directly impacts performance, particularly under the current conditions of persistently high interest rates. Ngern Tid Lor Public Company Limited is ranked the highest among similar businesses.
For more information, please visit www.tidlorinvestor.com.