Downgrade won't affect THAI liabilitiesA Thai Airways jet on the tarmac at Suvarnabhumi airport. (Photo by Somchai Poomlard)The latest downgrade of debentures issued by Thai Airways International Plc (THAI) does not affect its current liabilities, but a close watch is warranted for creditors deciding on the business rehabilitation petition, say analysts. The company's shareholder equity is worth 11.7 billion baht against total liabilities valued at 244.9 billion as of year-end 2019. Of the total liabilities, 140 billion baht are attributed to interest-bearing debts and the rest are non-interest-bearing debts. These debentures are scheduled to mature from this year through 2034, with 6.6 billion baht of THAI debentures set to mature in the second half.

Source: Bangkok Post May 28, 2020 00:00 UTC