Financial Information
BTS Group and BTSC are rated “A” from TRIS Rating (TRIS) but revised the outlook to “negative” from “stable”. The negative outlook reflects the high probability of a significant rise in the Company’s financial leverage as a result of the potential investment in a new mass transit concession by Bangkok Mass Transit System PCL (BTSC), our subsidiary, which is subject to the cabinet approval.


BTS Group Holdings Public Company Limited
Credit Rating: A
Outlook: Negative
Debentures
BTSG Debenture: THB 7,000mn Senior unsecured debenture |
A / Negative |
BTSG Debenture: THB 9,500mn Senior unsecured debenture |
A / Negative |
BTSG Green Bond: THB 13,000mn Unsubordinated and unsecured Green Bond |
A / Negative |
BTSG Green Bond: THB 8,600mn Unsubordinated and unsecured Green Bond |
A / Negative |
BTSG Debenture: THB 13,000mn Senior unsecured Green Bond |
A / Negative |

Bangkok Mass Transit System Public Company Limited
Credit Rating: A
Outlook: Negative
Debentures
BTSC Debenture: THB 22,000mn Senior unsecured debenture |
A / Negative |
BTSC Debenture: THB 10,200mn Senior unsecured debenture |
A / Negative |