OREANDA-NEWS. Fitch Ratings (Thailand) Limited has confirmed the National Long-Term rating on ICBC (Thai) Leasing Company Limited's (ICBCTL: AAA(tha)/Stable/F1+(tha)) upcoming senior unsecured debentures at 'AAA(tha)'.

The size of the debenture issue has been increased to up to THB6bn from up to THB5bn. The debentures will be offered in two tranches with tenors of four years and 10 years.

For further information, please refer to the rating action commentary titled "Fitch Rates ICBCTL's Senior Debentures, Short-Term Debenture Programme", dated 23 March 2016 at www.fitchratings.com

The other ratings of ICBCTL are unaffected by this action, and are as follows:
National Long-Term Rating at 'AAA(tha)'; Stable Outlook
National Short-Term Rating at 'F1+(tha)'
National Long-Term Rating on bonds guaranteed by ICBCT at 'AAA(tha)'; Stable Outlook
National Long-Term Rating on senior unsecured bonds (outstanding notes) at 'AAA(tha)'.