Fitch Ratings improve outlook of 4 banks

Fitch Ratings yesterday revised the international ratings’ Outlooks of the four largest private Thai banks – Bangkok Bank (BBL), Siam Commercial Bank (SCB), Kasikornbank (KBANK), and Bank of Ayudhya (BAY), to Stable from Negative. TMB Bank (TMB)’s international ratings remain on Negative Outlook. The rating agency said that the outlook change reflects the resilient performance of the four banks for the first nine months of this year, despite a significant decline in Thailand’s economy. (The Nation)