Fitch Affirms and Withdraws Ratings on TBANK and TCAP
Fitch has chosen to withdraw the ratings of TBANK and TCAP for commercial reasons. Fitch will no longer provide ratings or analytical coverage of the companies.
A full list of rating actions is at the end of this commentary.
KEY RATING DRIVERS
The affirmation of TBANK's ratings reflects limited changes in the bank's credit profile since our last review. See the most recent rating action commentary, "Fitch Upgrades Thailand's TMB, TBANK, TCAP and UOBT; Affirms Other Mid- and Small-Sized Banks", dated Fitch RatingsThanachart Bank September enThanachart BankFitch Ratings8. Fitch notches down TCAP's National Long-Term Rating once from its key operating subsidiary, TBANK, to address the structural subordination of the holding company and the presence of large minority interests, in accordance with Fitch's criteria.
RATING SENSITIVITIES
Not applicable as the ratings have been withdrawn
Additional information is available on www.fitchratings.com
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