EXIM Thailand received corporate credit ratings of AAA(tha) and BBB+
EXIM Thailand Showcases Strong Financial Position, Maintaining Highest Long-term National Credit Rating at AAA(tha) for 19 Consecutive Years and Long-term International Credit Rating at BBB+ on Par with Sovereign Rating for 12 Consecutive Years
Mr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), announced that Fitch Ratings Limited has affirmed EXIM Thailand’s long-term national credit rating at ‘AAA(tha)’ with a stable outlook for the 19th straight year. This rating represents the highest level of creditworthiness, signifying the lowest default risk when compared to other banks and companies in the country amid the volatility of Thai and global economies, including the slowdown in exports and rising trends of global interest rates. Furthermore, Fitch Ratings has reaffirmed EXIM Thailand’s long-term international credit rating at ‘BBB+’ with a stable outlook, matching Thailand’s sovereign credit rating, for the 12th straight year. This reflects the crucial role and missions of EXIM Thailand as a state-owned specialized financial institution (SFI) dedicated to promoting international trade and investment activities conducive to national development in its advancement toward the role of “Green Development Bank” to drive sustainable development.
Fitch Ratings said that EXIM Thailand is an SFI which plays a strategic role in the government’s policy implementation to promote and support Thailand’s international trade and investment. The Bank is also the sole SFI that provides insurance products related to international trade and investment for exporters and investors to help them hedge trade and political risks. The latest capital increases by the government in 2021 and 2023 have significantly strengthened the Bank’s capital structure, making it well positioned to grow its business looking forward.
