Post by account_disabled on Dec 30, 2023 4:03:10 GMT
Fitch Ratings (Thailand) Company Limited has announced the National Long-Term Rating for the company's unsecured and unsubordinated bonds. Eastern Polymer Group Public Company Limited or EPG (long-term national credit rating at 'A-(tha)', credit outlook is stable), amount not exceeding 800 million baht, due 2023, at '' A-(tha)' Proceeds from this bond issue will be used to partially repay loans and for investment. The bonds are rated at the same level as EPG's National Long-Term Rating because they are on par with EPG's unsecured and unsubordinated debt.
In addition, Fitch believes the B2B Email List unsecured debt rights Company's collateral Not much inferior to secured debt and debt with high priority rights. This is because Fitch expects a higher ratio of secured debt and priority debt to operating profit. Before interest, taxes, and depreciation and the Company's EBITDA will remain at a level of less than 2 times. At the end of September 2019, EPG had a ratio of secured debt to operating profit. Before interest, taxes, and depreciation And amortization over the past 12 months was 1.0x. Factors affecting credit rating Leader in Niche Market: Company's credit rating It reflects our leadership as a manufacturer of parts and accessories for pickup trucks and utility vehicles made from polymers and plastics. and manufacturer of single-use plastic packaging products for food and beverages in Thailand.
EPG is a pioneer in the production of bed liners that use a fastener system without drilling holes in the vehicle body (no- drilling Technology) is the first in the world which makes the company is a leader in the production of pickup truck beds in Thailand. In addition, EPG is also a manufacturer of pickup truck canopies (Canopy) made from 2-layer Acrylonitrile Butadiene Styrene (ABS) Alloy, molded into one seamless piece. Since ABS plastic is the plastic most commonly used by automobile manufacturers, EPG has the advantage of being a leader in this product.
In addition, Fitch believes the B2B Email List unsecured debt rights Company's collateral Not much inferior to secured debt and debt with high priority rights. This is because Fitch expects a higher ratio of secured debt and priority debt to operating profit. Before interest, taxes, and depreciation and the Company's EBITDA will remain at a level of less than 2 times. At the end of September 2019, EPG had a ratio of secured debt to operating profit. Before interest, taxes, and depreciation And amortization over the past 12 months was 1.0x. Factors affecting credit rating Leader in Niche Market: Company's credit rating It reflects our leadership as a manufacturer of parts and accessories for pickup trucks and utility vehicles made from polymers and plastics. and manufacturer of single-use plastic packaging products for food and beverages in Thailand.
EPG is a pioneer in the production of bed liners that use a fastener system without drilling holes in the vehicle body (no- drilling Technology) is the first in the world which makes the company is a leader in the production of pickup truck beds in Thailand. In addition, EPG is also a manufacturer of pickup truck canopies (Canopy) made from 2-layer Acrylonitrile Butadiene Styrene (ABS) Alloy, molded into one seamless piece. Since ABS plastic is the plastic most commonly used by automobile manufacturers, EPG has the advantage of being a leader in this product.