MTC Thrives! Organization-Debenture Receives BBB+/Stable from 'BBB' from Tris Rating. Reinforcing Leadership in Motorcycle Title Loans Market

Chuchat Petaumpai, the Big Boss of MTC, is delighted! The credit rating agency has shifted the organizational and debenture credit ranking from 'BBB' to BBB+/Stable, solidifying financial status! As a leader in motorcycle title loans and nano finance markets, Thailand's number one, serving over 2 million customers nationwide, is gearing up to issue debentures not exceeding 15,000 million baht this year to support an aggressive market expansion plan.

Chuchat Petaumpai, CEO of Muangthai Capital Public Company Limited (MTC), the leading motorcycle title loans and nano finance in Thailand, revealed that the credit rating agency has elevated the organizational and debenture credit ranking rights without collateral of Muangthai Capital Public Company Limited (MTC) to BBB+/Stable from the previous BBB level. This underscores the strong organizational standing in market leadership, stemming from a deep understanding of business and a nationwide branch network comprising a total of 3,279 branches. Additionally, the company has shown remarkable net profit growth, a 48% surge in 2018, with expectations of sustained growth for several more years. Concerning asset quality, the company has controlled the Non-Performing Loans ratio within the lowest system level at 1.2%, a result of proficient debt management. The company holds sufficient capital and liquidity to expand its business for the next 2-3 years. Moreover, the new organizational credit ranking will ease access to funding sources, resulting in reduced financial costs by approximately 0.30-0.40%.

MTC's CEO expressed confidence that revenue and profits in 2019 would set new record highs, aiming for a 30% portfolio growth and keeping the Non-Performing Loans (NPL) under 2%