TRIS affirms BBB+ rating for Sansiri
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TRIS Rating has affirmed the company rating for Sansiri PLC (SIRI) and the rating on SIRI’s existing senior unsecured debentures at “BBB+”.
At the same time, TRIS Rating assigned the rating to SIRI’s proposed issue of up to Bt4 billion in senior unsecured debentures at “BBB+”. The proceeds from the new debentures will be used for business operations.
The ratings for SIRI and its debentures reflect the company’s leading position and proven track record in the residential property development industry, well-recognised condominium and landed property brands, and diverse product portfolio.
