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

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Aug 31, 2010



TRIS Rating affirms the rating of Central Pattana Plc (CPN) and its existing debentures at “A+”. The rating reflects the company’s leading position in 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 rating also takes into consideration the recent fire incident at CentralWorld, a significant amount of capital expenditures needed for expansion during the next three years, and uncertain political situation in Thailand. For more information, click here