Moodys Investors Service - PTT Global Chemical Public Company Ltd (PTTGC) PTT Global Chemical Public Company Limited: PTTGCs petrochemical expansion plan will increase leverage, reduce cash

Report

Moody's Investors Service

EUR 176.76 For Business Accounts Only

PTT Global Chemical Public Company Limited: PTTGC's petrochemical expansion plan will increase leverage, reduce cash

CORPORATES ISSUER COMMENT 17 August 2017 Contacts Rachel Chua 65-6398-8313 AVP-Analyst [email protected] Diana Beketova 65-6398-3724 Associate Analyst [email protected] Laura Acres 65-6398-8335 MD-Corporate Finance [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA

17/08/2017 4 EN

Underlying

PTT Global Chemical Public Company Ltd

PTT Global Chemical Public Co. is engaged in the production and distribution of ethylene, propylene polyethylene and biochemical products. Co. is also engaged in the production and distribution of electricity, water, steam and other utilities and the operation of production support facilities such as jetty and buffer tank farm services for liquid chemical, oil and gas. As Dec 31 2015, Co. operated within the following segments: refinery and shared facilities; aromatics; olefins and derivatives; EO- based performance; green chemicals; high volume specialties; and services and others.

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TH1074010006 Stock Exchange of Thailand Thailand

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Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

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Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

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