BKK:SJWD

Fitch Affirms Thailand-Based SCGJWD Logistics' National Long-Term Rating; Keeps Outlook Stable

Fitch affirmed Thailand-based SCGJWD Logistics' (BKK:SJWD) national long-term rating at BBB+(tha), the national short-term rating at F2(tha), and the national long-term rating on its senior unsecured debentures at BBB+(tha).The outlook on the rating is stable, according to a Monday note.The ratings reflect the credit rating agency's expectations that SCGJWD Logistics will maintain stable leverage of around 4.3x through 2028, supported by modest earnings growth, steady capital spending, and limited acquisitions.