Following the successful completion of the VTO, Moody’s Investors Service and Standard & Poor’s upgraded Krungsri ratings from Baa2 to Baa1 and from BBB- to BBB+, respectively. Similarly, TRIS Ratings also took a positive action by upgrading the Bank’s rating from AA- to AAA.
These developments will leverage both Krungsri and BTMU’s complementary strengths to establish a unique position for Krungsri in the Thai banking industry. BTMU is a world-class financial institution with a business network covering more than 40 countries worldwide. The partnership will strengthen Krungsri’s leading position in the retail
banking business in Thailand and across the region by providing access to a larger customer base. It will also significantly enhance the scale and diversity of Krungsri’s corporate and SME banking businesses, particularly with Japanese enterprises in Thailand and across ASEAN.