PTT Oil and Retail Business Public Company Limited (OR) has successfully retained its corporate credit rating of “AA+” with a “Stable” outlook from TRIS Rating, Thailand’s leading credit rating agency, for the third consecutive year. This continued rating reflects OR’s strength and resilience as the dominant market leader in Thailand’s retail oil sector.
M.L. Peekthong Thongyai, Chief Executive Officer of OR, revealed that OR has received the “AA+” corporate credit rating with a “Stable” outlook from TRIS for three consecutive years is a significant achievement and a testament to OR’s leadership in the retail oil and commercial petroleum distribution markets. This recognition underscores OR’s vital role in the petroleum product distribution network within the PTT Group, as well as its sound and efficient financial management practices.
TRIS Rating has affirmed its high confidence in OR, citing multiple key strengths. These include OR’s reputation as a reliable leader in the retail oil business, its strong ability to source and distribute petroleum products, and its extensive network of service stations and distribution channels. The strength of the PTT Station brand, with nationwide coverage and its Living Community concept, positions PTT Station as a hub that fosters happiness and promotes sustainable growth within local communities. Additionally, OR’s expanding portfolio of petroleum products and entry into the lifestyle business sector further enhances its competitive position, ensuring its continued dominance in both the retail oil and commercial petroleum markets.
In recent years, OR has diversified its product offerings, expanded its geographical footprint, and enhanced customer services—key factors contributing to its stable revenue generation. TRIS Rating’s latest evaluation highlights its confidence in OR’s business performance, cash flow stability, and strong liquidity position, despite challenges arising from fluctuating oil prices and intensified competition in the retail oil market. OR remains steadfast in its commitment to sustainable business growth, maintaining a robust financial standing that enables the company to navigate market challenges and deliver long-term value for its shareholders and stakeholders.
