Ngern Tid Lor Public Company Limited, or
TIDLOR, led by
Piyasak Ukritnukun, Managing Director, stated, “The recent credit rating by TRIS Rating Co., Ltd. has affirmed Ngern Tid Lor Public Company Limited and its senior bond with the issuance of “A” rating and “Stable” outlook from
TRIS Rating Company Limited. The entity’s credit rating is acclaimed as the highest rank among non-bank businesses in the category of vehicle title loan.
The TRIS Rating recognises the company’s leadership in vehicle title loan with strong capital funds along with satisfactory performance and acceptable asset quality control supported by the cautious risk management framework. Besides, Bank of Ayudhya Public Company Limited, the company’s major stakeholder, backs up Ngern Tid Lor’s liquidity.
Piyasak further stated,
“The issuance of “A” credit and “Stable” outlook is essential for business to proceed with operations as our credit reaffirms the company’s capital status to fundraise in the bond market. The credit rating for bond issuer is guaranteed by the reliable credit rating organisation which is acclaimed as a firm evaluation for bond issuance trustworthiness. The rank received is the key attribute for the bond issued by the private sector to gain their trust.
A company with an “A” rating is categorised as “Investment Grade”, a reliable rating indicating the interest among the majority of institutional investors is high and the investment usually yields good returns. The difference in credit rating designates the level of access to the fund, conditions, and different capital requirements.
Organisations credited with the higher rank tend to issue bonds at lower interest rates, which results in a lower rate of capital growth that has direct impact on business operations, particular in the current climate of global interest rate hikes.
For more information, please visit
www.tidlor.com and Facebook ngerntidlor or contact call centre 088-088-0880 for 24 hours.
Source: Bangkok Post