TRIS Rating has assigned a rating of "AA-" to the new senior unsecured debentures of CP Axtra Public Company Limited (CPAXT), with a total issue amount not exceeding 15 billion baht and a tenor of up to 3 years. The company will use the proceeds to repay existing bank loans. At the same time, TRIS Rating has affirmed the company's corporate and existing debenture ratings at "AA-" with a "Stable" outlook, reflecting its status as a key subsidiary of CPALL. In the first half of 2026, total revenue increased by 3.6% to 268 billion baht, but EBITDA decreased by 2.5% to 17 billion baht, and the net debt-to-EBITDA ratio rose to 5.1 times. The company plans to refinance its debt with the new debentures and is preparing to acquire a premium supermarket in Malaysia for 14 billion baht, having already secured a loan facility from a Malaysian bank.
CP Axtra Public Company LimitedTRIS assigns AA- rating to up to 15 billion baht new debentures and affirms corporate rating with Stable outlook, a financing/credit event for CPAXT.
