Post by account_disabled on Dec 30, 2023 11:53:34 GMT
unnamed%2B%25284%2529 Fitch Ratings Company (Thailand) has affirmed the long-term national credit rating of Bank for Agriculture and Agricultural Cooperatives (or BAAC) at 'AAA(tha)' has a stable credit rating outlook. and maintains its short-term national credit rating at 'F1+(tha)' Factors supporting credit rating BAAC's National Rating reflects Fitch's view that there is a high possibility that the Thai government will provide extra support beyond normal operations. (extraordinary support) to the bank in a timely manner In case of necessity Fitch's view is based on the closeness of the BAAC to the government, with the government being the majority or all shareholder.
Legal status of BAAC, which C Level Executive List is a state bank and has specific laws for its establishment. Moreover, the bank has continuously received financial ***istance from the government since the past and is under government supervision. The Ministry of Finance has a 99.8% shareholding in BAAC and has control over the management of the bank. The Minister of Finance is the Chairman of the Bank's Board of Directors. Together with the Bank's Board of Directors, which has been appointed by the Cabinet, BAAC has continued to receive financial ***istance from the government since the past, such as increasing capital and guaranteeing loans.
In addition, the bank receives financial compensation. (which will be allocated through the government's annual budget) from the Bank's support of various government projects and policies. Government-related projects account for nearly 60% of the Bank's total ***ets as of March 31, 2019. It also has importance and expertise in supporting government policies related to the agricultural sector and rural development. The rating outlook is stable. This reflects Fitch's expectation that the government will provide support to banks. It is unlikely to decline in the medium term. Factors that may affect the credit rating in the future BAAC's National Ratings have no chance of being upgraded as the National Ratings of these banks are at the highest level. Signs indicating a decrease .
Legal status of BAAC, which C Level Executive List is a state bank and has specific laws for its establishment. Moreover, the bank has continuously received financial ***istance from the government since the past and is under government supervision. The Ministry of Finance has a 99.8% shareholding in BAAC and has control over the management of the bank. The Minister of Finance is the Chairman of the Bank's Board of Directors. Together with the Bank's Board of Directors, which has been appointed by the Cabinet, BAAC has continued to receive financial ***istance from the government since the past, such as increasing capital and guaranteeing loans.
In addition, the bank receives financial compensation. (which will be allocated through the government's annual budget) from the Bank's support of various government projects and policies. Government-related projects account for nearly 60% of the Bank's total ***ets as of March 31, 2019. It also has importance and expertise in supporting government policies related to the agricultural sector and rural development. The rating outlook is stable. This reflects Fitch's expectation that the government will provide support to banks. It is unlikely to decline in the medium term. Factors that may affect the credit rating in the future BAAC's National Ratings have no chance of being upgraded as the National Ratings of these banks are at the highest level. Signs indicating a decrease .