MEA has consistently been rated “AAA” – the best level for corporate credit
Mr. Wilas Chaloeysat, Governor of Metropolitan Electricity Authority (MEA), disclosed that Tris Rating has announced a corporate credit rating for MEA at “AAA” or Triple A level, the highest mark with a stable outlook. The result reflects MEA’s important role as a state-owned enterprise under the Ministry of Interior responsible for the distribution of electricity to three key provinces: Bangkok, Nonthaburi, and Samut Prakan whose electricity demand has been steadily growing with financial stability, prudent policy and the government support.
MEA Governor stated that MEA is proud to be awarded this highest credit quality in a consistent manner. It is a crucial element to drive forward the organization. Credit ratings are risk indicators for investors to make a sound investment decision in bonds. They are also factors that indicate debt paying ability and financial stability of the organizations. Furthermore, the Public Debt Management Office (PDMO) under the Ministry of Finance has a policy to encourage capable state enterprises to seek credit ratings and to support the offerings of state enterprise bonds through the Bank of Thailand's (BOT) e-Bidding system in order to reach more groups of investors and to provide them with more opportunities to invest in state enterprise bonds.