Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jan. 6--KING POWER RATED BBB+: Tris Rating has assigned a company rating of BBB+ to King Power Duty Free Co with a stable outlook.
Tris said the rating reflected the company's dominant position in the duty-free business in Thailand, very low degree of competition, its favourable cash flow protection, and the capability and experience of its management team.
The rating also reflects the favourable long-term prospects for the Thai tourism industry despite the short-term slowdown due to the tsunami disaster along the Andaman coast. These strengths are partially offset by KPD's relatively …