TRIS Rating affirms the company rating on Indorama Ventures PLC (IVL) and the ratings on IVL’s senior unsecured debentures at “AA-”. TRIS Rating also affirms IVL’s subordinated capital debentures at “A”.
In addition, TRIS Rating assigns the rating of “AA-” to IVL’s proposed issue of up to THB10 billion in senior unsecured debentures. At the same time, TRIS rating revises the rating outlook to “negative” from “stable”.
TRIS Credit Rating Report