BAFS rated A-

Fitch Ratings has affirmed the senior unsecured long-term national rating for Bangkok Aviation Fuel Services (BAFS) at A-(tha). The short-term national rating was also affirmed at F2(tha). The outlook on the ratings is stable. The ratings are based on BAFS' dominant position as the only fully integrated fuel service provider at Suvarnabhumi Airport with a 90% market share. The ratings are also supported by BAFS' major shareholders being key fuel users.


Source: Bangkok Post Thursday December 14, 2006