Rating upgrade reflects Gulf's strong fundamentals

Quick Summary:

Gulf Energy Development Plc has been assigned an A+ corporate credit rating and an A rating for its senior unsecured debentures, with its outlook upgraded from "stable" to "positive" by Tris Rating Co.

Gulf also plans to issue additional bonds worth 25-30 billion baht early next year.

Recently, Gulf also received an AAA rating in the Stock Exchange of Thailand's ESG Ratings 2024 in the resources category.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Rating Tris Positive Upgrade Company Financial Gulf Business Corporate Amalgamation Development

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 04:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 294 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24682917

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 9 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 9 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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