IN Brief: AP rated BBB+

BackJun 28, 2007

FINANCE : Tris Rating has assigned a company rating for Asian Property Development Plc of BBB+ with a stable outlook.

Tris said the ratings reflected AP's track record in residential property development, its accepted brand in the downtown townhouse market, and its ability to acquire prime land. The ratings also take into consideration a cyclical downturn in the market, slowing demand due to the uncertain political situation, and declining consumer confidence.

AP shares closed unchanged yesterday on the SET at 5.90 baht.

 

Source: Bangkok Post
Thursday June 28, 2007