Bangkok - WHA Utilities and Power PLC. (WHAUP) has been assigned the company rating at “A-’’ by TRIS Rating, with “Stable” outlook as well as the new and current senior unsecured debentures. The ratings reflect the company’s position as leading provider of fully integrated utilities services in Thailand’s leading industrial estates.
The ratings also reflect WHAUP’s utilities and power business as a core subsidiary of WHA Group, the leading industrial estate provider and logistics’ built-to-suit factories & warehouse, which has also been rated “A-/ Stable” by TRIS Rating.
WHAUP’s high potential as evidenced by this recent rating does not only reflect as the sole leading provider of fully integrated utilities services in Thailand’s industrial estates, but also the recurring income from utilities services and dividend from power business. However, the rating is being considered with the company’s leverage base on the new project investments both Thailand and overseas.