Post by account_disabled on Dec 27, 2023 10:42:42 GMT
Fitch Ratings (Thailand) Co., Ltd. has issued a National Long-Term Rating of 'AAA(tha)' and a Short-Term National Rating of 'F1+(tha)' to Citicorp Leasing (Thailand). ) Limited or CLT, the rating outlook is stable. Factors supporting credit rating CLT's rating reflects Fitch's view that it has a high likelihood of support from its parent bank, Citibank, N.A. (Long-Term Foreign Currency IDR of A+/Stable Rating Outlook/ Financial Strength Rating at a) with CLT having Citibank as the majority shareholder in the company. It also plays an important role in Citibank's business operations in Thailand. CLT branches are an important channel for Citibank to expand its marketing network for consumer finance products. CLT also provides operational and administrative integration.
We work closely with Citibank Bangkok Branch. Citibank also provides regular operational support to CLT, including risk management and systems. and capital CLT specializes in offering installment personal loans to high-net-worth corporate employees WhatsApp Number List This should help promote the offering of other consumer loan products from Citibank Bangkok Branch, such as credit cards and wealth management businesses. CLT has continued profits and performance over the past several years has been good. The trend has improved. CLT's National Long-Term Rating reflects Fitch's belief that, after taking into account its support opportunities.
CLT's credit profile is at the same level as or better than Thailand's credit rating. Factors that may affect the credit rating in the future CLT's National Rating is the highest rating. Therefore, there is no factor that may cause the credit rating to be upgraded. A decline in Citibank's credit profile, which is reflected in the bank's financial strength rating. This may impair CLT's ability to provide support and lead to a downgrade of CLT's national credit rating. In addition, a decrease in the parent bank's likelihood of supporting CLT could result in a downgrade of the National Rating, for example, if the parent bank significantly reduces its shareholding or CLT and Citibank have a lower level of support. Reduced interoperability integration. However, Fitch views this as unlikely in the short term.
We work closely with Citibank Bangkok Branch. Citibank also provides regular operational support to CLT, including risk management and systems. and capital CLT specializes in offering installment personal loans to high-net-worth corporate employees WhatsApp Number List This should help promote the offering of other consumer loan products from Citibank Bangkok Branch, such as credit cards and wealth management businesses. CLT has continued profits and performance over the past several years has been good. The trend has improved. CLT's National Long-Term Rating reflects Fitch's belief that, after taking into account its support opportunities.
CLT's credit profile is at the same level as or better than Thailand's credit rating. Factors that may affect the credit rating in the future CLT's National Rating is the highest rating. Therefore, there is no factor that may cause the credit rating to be upgraded. A decline in Citibank's credit profile, which is reflected in the bank's financial strength rating. This may impair CLT's ability to provide support and lead to a downgrade of CLT's national credit rating. In addition, a decrease in the parent bank's likelihood of supporting CLT could result in a downgrade of the National Rating, for example, if the parent bank significantly reduces its shareholding or CLT and Citibank have a lower level of support. Reduced interoperability integration. However, Fitch views this as unlikely in the short term.