TRIS upgrades corporate credit rating of “BCP” to A+ with Stable outlook, reflecting strong business structure

TRIS upgrades BCP's corporate credit rating to A+ with a Stable outlook, reflecting the strength of its business structure from growth in the refinery and oil trading business and marketing business.

September 30, 2567 Bangchak Corporation Public Company Limited (BCP) revealed that The company's credit rating has been upgraded by Tris Rating to "A+" from "A", the highest rating since the company received the credit rating. With a “stable” credit rating outlook from Monday, September 30, 2567.

This rating upgrade reflects the strength of Bangchak's business structure, which has been improved from the growth of the refinery and oil trading and marketing businesses after the integration of Bangchak Sriracha Public Company Limited (BSRC) into the Bangchak Group, as well as the expansion of the petroleum exploration and production (E&P) business, which has helped generate growth. In addition, the diversification of businesses has helped reduce the volatility of operating results from oil prices or refining margins.

Mr. Chaiwat Kovavisarach, Chief Executive Officer of Bangchak Group and President of BCP He said, “This credit rating upgrade reaffirms the company’s success and capability to implement its strategic plan.

In the past year, after the acquisition of BSRC, the benefits from Synergy have been continuously recognized, exceeding the original target, resulting in the growth and strength of Bangchak's refinery and oil trading business group and marketing business group.

In addition, the petroleum exploration and production business invested through OKEA ASA in Norway has continuously increased its production capacity in line with the set production target, resulting in Bangchak having significantly improved competitiveness and flexibility in its business operations. We are committed to maintaining financial discipline and carefully considering investments for sustainable and stable growth.”

Read all interesting business news here.