Bangkok: TRIS Rating has affirmed the corporate credit rating of Electricity Generating Public Company Limited (EGCO Group) at 'AA' and the credit rating of its unsecured, unsubordinated debentures at 'AA', with a 'Stable' outlook for the third consecutive year. This reflects the company's strong financial management and key factors supporting its long-term growth.
According to Thai News Agency, Mr. Somkiat Sutthivanich, Senior Vice President of Accounting and Finance at EGCO Group, stated that the 'AA/Stable' credit rating, received by EGCO Group for the third consecutive year, reflects the company's current financial strength, coupled with its ability to generate cash flow, maintain financial discipline, and adapt to the changing energy industry. This confidence from TRIS Rating further demonstrates EGCO Group's strong business foundation and readiness to achieve stable growth and deliver sustainable value to all stakeholders.
This rating affirmation by TRIS Rating maintains a positive outlook on the company's ability to maintain financial strength and operational performance through stable cash flow from power plants with long-term power purchase agreements with reliable buyers, as well as strong liquidity and access to good financing sources. Furthermore, TRIS Rating assesses that EGCO Group has strengths in its large and diversified energy portfolio, with a total generating capacity by equity stake of over 7.3 gigawatts (including commercially operational power plants and projects under development) spanning 7 countries, encompassing both conventional and renewable energy sources. This provides business flexibility, risk diversification, and the generation of stable long-term returns.