MEA rated "AAA" for corporate creditMr Kirapat Jiamset, Governor of the Metropolitan Electricity Authority (MEA), disclosed on 9 July 2020, that TRIS Rating Co., Ltd. has announced a corporate credit rating for the MEA of "AAA", or Triple A, the highest rank only bestowed on organisations with the most stability. Credit ratings are indicators for investors in their decision-making concerning bond risks. They are also factors that indicate an organisation’s ability to repay debt and financial stability. The Public Debt Management Office (PDMO) of the Ministry of Finance has a policy to encourage enterprises to arrange credit ratings to support offerings of state enterprise bonds through the e-Bidding system of the Bank of Thailand (BOT). The intention is to reach more groups of investors and provide them a greater variety of opportunities to invest in state enterprise bonds.

Source: Bangkok Post July 10, 2020 05:03 UTC