SME D Bank is delighted that ‘Fitch Ratings’ has maintained its credit rating at AAA (tha), reflecting its stable position and its important role in stimulating the economy and creating opportunities for Thai SMEs.
SME D Bank is delighted that Fitch Ratings (Thailand) has affirmed its long-term credit rating for 2024 at ‘AAA(tha)’ and its short-term credit rating at ‘F1+(tha)’, the highest in the country, for the 12th consecutive year, reflecting its strong and stable status and being an important tool of the government in stimulating the economy, creating opportunities for Thai SMEs to access ‘Add Capital for Development’ services, creating strong and sustainable growth for the Thai economy, society, and environment.
Mr. Pichit Mitrawong, Managing Director of the Small and Medium Enterprise Development Bank of Thailand (SME D Bank), revealed that Fitch Ratings (Thailand) Limited announced the credit rating results of SME D Bank for 2024, maintaining the national long-term rating at ‘AAA(tha)’ with a stabl
e outlook and the short-term rating at ‘F1+(tha)’, the highest rating for the national credit rating for the 12th consecutive year (2013-2024).
This is because Fitch views its strong and stable position as a state-owned bank that plays an important role in driving government policies to stimulate the economy, especially during the economic slowdown, by supporting opportunities for Thai SMEs to access sources of capital and develop business potential. It also continues its mission to help SMEs affected by various situations, whether it is the COVID-19 crisis or natural disasters, both directly and indirectly. In addition, its past performance has been stable and there is a high possibility that SME D Bank will receive support from the government if necessary.
Mr. Pichit added that SME D Bank adheres to the support approach by ‘adding capital to develop’ through loan products that meet the needs of Thai SMEs and are in line with creating sustainability for the Thai economy, society, and environment, such as t
he SME Green Productivity loan to promote the transition to green businesses along with providing development services. The bank currently has the ‘DX by SME D Bank’ platform to help develop businesses comprehensively and strengthen SMEs.
Source: Thai News Agency