LH debenture rating affirmed
TRIS Rating has affirmed the company rating of Land & Houses and the ratings of its existing senior debentures.
It has assigned the rating of "A" to LH's proposed issue of up to Bt4 billion in senior debentures. The outlook remains "stable". The proceeds will be used for debt refinancing and expansion.
The ratings reflect the company's leading position in the residential property development market, strong brand franchise and proven operating track record.
The company's total assets at the end of last year stood at Bt65.1 billion, ranking it as the largest residential property developer listed on the Stock Exchange of Thailand.
16 August 2013