Moody’s Upgrades PTT’s Outlook to “Positive” while Maintains Baa1 Ratings!
Moody’s has changed the outlook of PTT from “stable” to “positive” while affirming Baa1 Ratings issuer and senior unsecured rating.
On July 26, 2019, a reporter has stated that Moody’s, the global capital markets that incorporates credit ratings, has changed the outlook of PTT Public Company Limited (PTT) from “stable” to “positive” while affirming Baa1 Ratings issuer and senior unsecured rating which in lines with Thailand’s outlook.
The Baa1 rating incorporates Moody’s expectation of likelihood of extraordinary support from the government of Thailand in distressed situation. Moody’s also affirms baseline credit assessment (BCA) at Baa2.
The share price of PTT closed the morning session of July 26, 2019, at ฿47.25/share, plunged ฿0.50/share or 1.05%. The highest share price of the session was 47.50/share and the lowest was 47.25/share with a trading value of THB 667 million.