TRIS Rating Affirms Company Rating on SAWAD at BBB+ with Stable Outlook
Tris Rating affirmed SAWAD's company rating at BBB+ with a stable outlook on strong title loan business.
Tris Rating affirmed SAWAD's company rating at BBB+ with a stable outlook on strong title loan business.
7 มิ.ย. 2564

TRIS Rating affirms the company rating on Srisawad Corporation Public Company Limited (SAWAD) at BBB+ with a stable outlook. The rating reflects the company’s strong market presence in the title loan business; very strong capital, leverage, and earnings assessment; and adequate funding and liquidity profile. However, the rating is constrained by the fragile economic environment, intensifying competition, and the company’s relatively high exposure to risky property-backed loans.
 