<\/em>Ananda Development Public Company Limited, or ANAN, a leader in urban residential development, holds the top position in the condominium market near electric rail lines. This reaffirms the company's business success as Tris Rating maintains its corporate credit rating at “BBB”<\/strong><\/span> with a “Stable”<\/strong><\/span> outlook, reflecting the company's strong competitive ability in the condominium market, with an increasing backlog of sales awaiting revenue recognition and a growing proportion of income from project management fees and profit shares from joint ventures.

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          <\/em>Dr. Chaiyut Chunhachai, Chief Financial Officer<\/span><\/strong> Ananda Development Public Company Limited<\/strong><\/span> stated that despite the overall economic volatility in the country, including the slowdown affecting consumer purchasing power, Tris Rating, a Thai credit rating agency, continues to assign Ananda a rating of “BBB”<\/strong><\/span> with a “Stable”<\/strong><\/span> outlook. This reflects the company's strength in the condominium market, with past outstanding performance proving its capability to drive the organization towards sustainable success in the future.

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          <\/em>As of December 2018, the company had a backlog of sales awaiting revenue recognition worth 41 billion baht, comprising 4 billion baht from its own projects and 37 billion baht from joint ventures. The company plans to deliver 3.1 billion baht in revenue recognition from its projects to customers in 2019 and 900 million baht in 2021. The backlog from joint ventures will be delivered to customers between 2019 and 2021, and this substantial backlog will help secure future income to some extent.

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          <\/em>Additionally, the advantage of receiving a credit rating of "BBB"<\/strong><\/span> allows the company to instill confidence in investors in the stock market, as Ananda has a stable financial position and assures employees that they are part of a strong and sustainable growing organization in the future.

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Thank you for the information from  www.ananda.co.th<\/a><\/p>