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

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Mar 31, 2009



TRIS Rating affirms the ratings of Central Pattana Plc (CPN) and its existing debentures at “A+”. At the same time, TRIS Rating assigns the rating of “A+” to CPN’s proposed issue of up to Bt3,000 million in senior debentures. 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 expansion plans and the current slowdown of Thai economy.

 

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