TRIS Rating affirms the company rating on Indorama Ventures PLC (IVL) and the ratings on IVL’s existing 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 THB6 billion and additional greenshoe portion up to THB4 billion in senior unsecured debentures. At the same time, TRIS rating revises the rating outlook to “stable” from “negative”.

TRIS Credit Rating Report