Fitch Assigns MTC Long-Term National Credit Rating of A-(tha), Reflecting Leadership in Car Title Loans with International Standards and Commitment to Sustainable Business Practices

Fitch Ratings has assigned MTC a Long-Term National Credit Rating of 'A-(tha)', with a stable outlook. This rating reflects MTC's strong leadership in the car title loan business and its adherence to international standards. The company has the most extensive network, with 7,980 branches, successfully managing its asset quality and achieving satisfactory financial performance, all while focusing on providing financial opportunities for everyone in society and conducting business sustainably.

Mr. Parithad Petampai, Deputy Managing Director of Muangthai Capital Public Company Limited (MTC), revealed that the company received an 'A-(tha)' Long-Term National Credit Rating with a stable outlook from Fitch Ratings, reinforcing its commitment to becoming a world-class microfinance leader. MTC aims to provide financial opportunities to everyone in society while conducting business in a sustainable and internationally recognized manner. This achievement further enhances investor confidence, both domestically and internationally.

The factors supporting MTC’s credit rating include its strong leadership in the car title loan business, with the largest network of 7,980 branches as of Q2 2024, as well as over 32 years of experience in this business. The company’s ability to manage its asset quality and deliver a satisfactory result was also recognized.

MTC believes that this credit rating will enable the company to expand its access to capital from both domestic and international sources, allowing for more efficient financial cost management.

Moreover, the company remains committed to expanding financial access across all regions to reduce financial inequality, in line with the United Nations’ goals. With its extensive network of 7,980 branches, MTC continues to develop technologies that meet customer needs, offering fair interest rates, standing firm as a socially responsible lender, and ensuring quality services that provide equal access to international service standards.

At the same time, MTC is enhancing its loan disbursement processes throughout the entire business chain to safeguard customer interests and meet their expectations with the highest satisfaction.

The company also prioritizes the interests of all stakeholders, earning an “Excellent” (5-star) rating for corporate governance, an “A” for its sustainability assessment (ESG Rating) from the Stock Exchange of Thailand, and an “AA” rating from the MSCI Index. These achievements highlight MTC’s status as a world-class Thai microfinance leader. Additionally, MTC has established partnerships with global financial institutions such as the Japan International Cooperation Agency (JICA) and Deutsche Investitions- und Entwicklungsgesellschaft (KfW DEG). The company looks forward to future collaborations with leading funding sources both domestically and internationally, aiming to build a solid economic foundation, improve quality of life, maintain environmental stability, and continue being a reliable microfinance provider for the Thai society, ensuring sustainable growth alongside it.