LPN has received confirmation from Tris Rating regarding its corporate credit rating at "A-" with a 'Stable' outlook, reflecting the organization's stability, backed by over 30 years of recognized performance in the mid to lower-end condominium market. This is further supported by its competitive cost management, effective construction management, and prudent financial policies, as well as the types of products offered and the competitive landscape in the real estate sector.


         Mr. Apichart Kasemkulseri, Senior Executive Officer of Finance at L.P.N. Development Public Company Limited (CFO LPN) stated that despite the external economic volatility, high national household debt, and the nature of the real estate development business—LPN's core business—being potentially affected by intense competition, Tris Rating, a Thai credit rating agency, continues to assign LPN a rating of "A-" with a 'Stable' outlook. This reflects the organization's stability, supported by over 30 years of proven performance in the real estate sector.


         Additionally, Tris Rating highlighted that LPN has outstanding performance, a clear product and service offering that has been continuously developed, strong construction cost management—which has always been a company strength—and a stable financial policy with sufficient liquidity. This credit rating places the company in the same category as leading firms in the real estate sector, such as AP (Thailand) Public Company Limited (AP) and Quality Houses Public Company Limited (QH).


         “However, being rated "A-" with a 'Stable' outlook reflects Tris Rating's expectations that the company can maintain its performance during the years 2019-2021. The company anticipates being able to deliver sales that are awaiting revenue recognition and maintain operating profit margins, as well as execute its business expansion plans as scheduled over the next three years, despite increasing competition in the housing market,” Mr. Apichart confirmed.


         Moreover, the advantage of receiving an "A-" credit rating allows the company to save costs from lower interest rates when raising funds from financial institutions or issuing bonds, and builds confidence among investors in the stock market, as LPN has a stable financial position and instills confidence in employees that they are part of a sustainably growing organization.

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