Fitch Affirms BEM Credit Rating at A(tha) Stable
Fitch Ratings has affirmed Bangkok Expressway and Metro's (BEM) long-term national credit rating at 'A(tha)' with a Stable outlook, citing strong business fundamentals, stable infrastructure assets, and effective financial management. BEM's Managing Director Dr. Somboon Kitjalak said the rating reflects confidence in the company's cash flow generation from expressway and metro operations, with the rail business expected to drive future growth. The affirmation bolsters investor and creditor confidence in BEM's ability to navigate economic challenges and deliver sustainable value.
Reflecting confidence in its business fundamentals and long-term growth potential, Bangkok Expressway and Metro (BEM) has had its long-term national credit rating affirmed at 'A(tha)' with a Stable outlook by Fitch Ratings. The affirmation underscores the strength of BEM's business foundation, the stability of its infrastructure assets, and its effective financial management. Dr. Somboon Kitjalak, BEM's Managing Director, stated that the rating signals confidence in the company's ability to generate sustained cash flows from its expressway concessions and metro rail systems — critical national infrastructure — while navigating economic challenges and financial cost volatility. He expressed confidence that the rail business will become a major future revenue driver, supported by the mature expressway business as a stable income base. BEM remains focused on prudent capital structure, liquidity, and financial cost management alongside operational efficiency to strengthen performance and sustain long-term growth. The 'A(tha)' Stable rating not only reflects BEM's financial strength but also reinforces confidence among shareholders, investors, and debtholders, affirming the company's readiness to operate amid challenges and create sustainable shareholder value.
