Fitch: Thai Large Banks' Franchise Supportive of Ratings During Economic Downturn

(The following statement was released by the rating agency)

Link to Fitch Ratings' Report: Thailand Large Commercial Banks

Peer Review

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=883956

BANGKOK, June 27 (Fitch) Thailand's four large commercial banks

will be able to

sustain their franchise strengths, despite the country's muted

economic

expansion, leading to above-average financial performances

underpinning their

credit ratings, says Fitch Ratings in its latest Thai

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