TRIS Rating Assigns Company Rating to BCPG at A- with Stable Outlook
TRIS Rating Assigns Company Rating to BCPG at A- with Stable Outlook.
TRIS Rating Assigns Company Rating to BCPG at A- with Stable Outlook.
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TRIS Rating assigns an A- company rating to BCPG Public Company Limited (BCPG) with a stable rating outlook. The rating reflects BCPGs revenue reliability from power-generating assets and its well-diversified power portfolio. The rating also mirrors BCPGs status as a core subsidiary of Bangchak Corporation Public Company Limited (BCP) (rated A-/Stable by TRIS Rating). The rating is constrained by BCPGs execution risks associated with projects under development, and rising country risk from its overseas investments. The rating also embeds our expectation that BCPGs financial leverage will remain elevated over the course of ongoing expansions.
 
The share price of BCPG closed the morning session on April 21, 2021, flat at Bt14.30 per share. Meanwhile, BCP closed at Bt24.90 per share, decreased Bt0.10 or 0.40%.