News

Investor Relations

SF debt rated BBB+

BackJul 31, 2007

FINANCE: Fitch Ratings has assigned a national long-term rating of BBB+(tha) to Siam Future Development's threeyear senior unsecured debentures of up to one billion baht due in 2010. The proceeds will be used to refinance shortterm debt and for working capital.

Fitch said the rating reflected SF's established position in themedium-scale open-air shoppingcentre business, highquality portfolio and steady cash flow, as evidenced by a consistently high occupancy rate ofmore than 90%.

The rating also reflects continued growth in recurring rental and service income, with long-term lease contracts accounting for54%of SF's gross lettable area as of the end of 2006.

SF shares closed onFriday on the SETat 12.20 baht,down40 satang, in trade worth 2.15 million baht.

 

Source: Bangkok Post
Tuesday July 31, 2007