TRIS Rating affirms credit rating of CPN and its existing debentures at "A+" with rating outlook "Stable"

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Jul 31, 2008



TRIS Rating affirms the ratings of Central Pattana Plc (CPN) and its existing debentures at "A+". The ratings reflect the company's leading position in the Thai retail property development industry, its proven record in managing high-quality shopping centers, reliable cash flow from contract-based rental and service incomes, and conservative financial policy. The ratings also take into consideration CPN's aggressive expansion plans, the renewal risks for the CentralPlaza Ladprao, and the slowdown in Thailand's economic growth as a result of an uncertain political situation and higher inflation. For more information, click here