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Erawan Group debt assigned rating of BBB.
Nov. 8--Fitch Ratings (Thailand) Ltd has assigned a national long-term rating of BBB(tha) and a national short-term rating of F3(tha) to the senior unsecured debt of The Erawan Group Plc. The rating outlook is stable.
Fitch said the ratings reflected Erawan's high-quality assets, strong brand recognition and relationship with the leading hotel chains Hyatt and Marriott.
The ratings also reflect Erawan's existing low product and geographic diversification as well as expected stronger competition in ...
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