Defense Expenditure in Thailand to 2015 - Industry Dynamics and Competitive Landscape: Market Profile
- Published: August 2011
- Region: Thailand
Operational integration with and strategic importance to PTT Public Co. Ltd. Favorable cost structure and flexibility in feedstock selection Strong domestic market position Single-site and customer concentration risks Inherent industry risks Weak outlook for the refinery and aromatics industries The ratings on Thai Oil Public Co. Ltd. (Thaioil) reflect the support the company continues to receive from its operational integration with, and strategic importance to, state-owned oil and gas conglomerate PTT Public Co. Ltd. (BBB+/Negative/--). The ratings also reflect the company's favorable cost structure, flexibility in feedstock selection, and strong domestic market position. These strengths are partially offset by Thaioil's single-site and customer concentration risks, inherent industry risks, and the weak outlook for the refinery and aromatics industries. In our...
Companies mentioned in this report are: Thai Oil Public Co. Ltd.,PTT Exploration and Production Public Co. Ltd.,PTT Public Co. Ltd.,PTT Chemical Public Co. Ltd.,PTT Aromatics and Refining Public Co. Ltd. (PTTAR),IRPC Public Co. Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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Thai Oil Public Co. Ltd.,PTT Exploration and Production Public Co. Ltd.,PTT Public Co. Ltd.,PTT Chemical Public Co. Ltd.,PTT Aromatics and Refining Public Co. Ltd. (PTTAR),IRPC Public Co. Ltd.