“Fitch Ratings’ assigned rating of ‘AAA’ by SME Development Bank
Fitch Ratings has assigned a “AAA” rating to SME Development Bank, the nation’s largest credit rating. Continued for the third year, reflects the stability. And the importance of government policy. As a result of the development of the Thai SME. A report by the Small and Medium Enterprise Development Bank of Thailand (SME Development Bank) revealed that Fitch Ratings (Thailand) Limited has today affirmed Thailand’s Long-term National Rating Credit Rating ‘AAA (tha)’ is the highest rating for a local credit rating. Reflecting on Fitch’s view The Bank has played an important role in the policy towards the government, as set forth in the Act Establishing a Legal Bank as a Specialized Financial Institution for SME Development. Have high The government will continue to support the government.Although the government is still in the process of reorganization as part of the rehabilitation plan, asset quality and operating performance improved under the rehabilitation plan. The overall financial status will also benefit from the relaxation of the regulatory criteria until the exit of the rehabilitation plan. Fitch believes that. Mongol Leelatham, Managing Director of SME Development Bank, said that the Bank has been rated ‘AAA (tha)’ for the third consecutive year. Reflecting the bank’s credit stability. And show progress in the implementation of the rehabilitation plan of Super Board meets the goals.
Recently,the Bank received a 92.07 rating from the Office of the National Anti-Corruption Commission’s (NACC) ‘s Anti-Corruption Assessment (TRIP). Speaking on the highest level. And is ranked 10th from all enterprises. 54 hotels were evaluated It received 89.55 points, the 13th, indicating that the Bank is in good corporate governance. Improve morality and transparency.