Fitch Ratings (Thailand) announced that it has maintained Thai Oil’s credit rating at A+, an investment grade level with low risk.

Fitch Ratings (Thailand) Company Limited, credit rating agency has announced that it has maintained the credit rating of Thai Oil Public Company Limited at A+, which is a group of companies that are at an investment-grade level with low risk. In addition, they have also upgraded their creditworthiness view ( Outlook) from a negative trend to a stable level with the view that Financial status of the company It will improve in 2025 after the Clean Energy Project (CFP) begins operations.

Thai Oil will have increased operating results from the increased production capacity. Including becoming a more complete refinery (Complex Refinery). In addition, it is considered that the crude oil spill incident at the sea-mooring buoy (SBM-2) had little impact on the operating results. This is because most of the expenses incurred are covered by various insurance policies.

Source: Thai News Agency