Tris appraises GPSC, debt issue at AA-Tris Rating has affirmed the company rating of Global Power Synergy Plc (GPSC) at AA- and assigned a rating of AA- to GPSC's proposed issue of up to 30 billion baht in senior unsecured debentures, and the additional greenshoe portion of up to 5 billion. The ratings also reflect GPSC's important role as a flagship company in the power business under PTT Group. The ratings take into consideration the company's rising debt level after the acquisition of Glow Energy Plc. In addition, Tris also expects the company to deleverage its capital structure as planned. An upgrade could occur if GPSC can smoothly integrate the power portfolio with Glow as planned.

Source: Bangkok Post October 13, 2019 23:37 UTC