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Byline: The Nation.
Thai Airways International's directors and executives yesterday reassured employees of the company's financial health, despite reports of a severe liquidity shortage.
Tris Rating yesterday downgraded the company's rating to "A" from "A+", due to the its worse-than-expected financial profile. Tris said THAI's outstanding short-term debt facility had increased rapidly from Bt7.5 billion at end-September to Bt17.98 billion at end-December.
To the 600-plus employees, director Pichai Chunhavajira insisted that airlines across the world were suffering from losses due to the global economic downturn. He acknowledged that the impact on …