Fitch Ratings (Thailand) has affirmed its national long-term rating on AEON Thana Sinsap (Thailand) at ‘A-(tha)’, with a stable outlook. AEONTS’ ratings are driven by its stand-alone credit profile and financial strength, Fitch said on Friday. The listed company is one of the largest consumer-finance companies in Thailand, with a sound and sustainable position in the credit card and personal loan segments, a nationwide branch network, and a well-established franchise, the ratings firm said. The ratings also reflect the company’s lack of diversification compared with larger financial institutions, competitive pressures in the consumer-finance industry, including from commercial banks, and its reliance on wholesale funding.

Source: The Nation Bangkok August 25, 2017 09:33 UTC