• AP Thailand, under the promise of “A Good Life You Can Choose,” has received good news from Tris Rating, upgrading its corporate credit rating to A with a stable outlook.
  • This reflects the company's business potential and competitive ability as a leader in real estate development, with a comprehensive product portfolio covering all segments, as well as a strong financial position.
  • Leading with a project distribution plan across Thailand: Bangkok - Rayong - Chiang Rai - Ubon Ratchathani - Udon Thani - Chachoengsao - Ayutthaya - Nakhon Si Thammarat - Nakhon Pathom.
  • In the second quarter, 16 new projects worth 21,030 million baht will be launched, including 7 single-family home projects worth 9,380 million baht, 8 townhome projects worth 8,150 million baht, and 1 condominium project worth 3,500 million baht.
  • Stay updated on all new projects from AP, including single-family homes, townhomes, and condominiums throughout 2023. Click https://apth.ly/APNewHome2023.

Mr. Anupong Asavaphokin, CEO of AP Thailand Public Company Limited.

Mr. Anupong Asavaphokin, CEO of AP Thailand Public Company Limited, stated that Tris Rating Co., Ltd. has upgraded AP Thailand's corporate credit rating to “A” with a “Stable” outlook, up from “A-” with a “Positive” outlook. This credit rating reflects the expertise and leadership in the real estate business. Additionally, it reflects the operational plans, stable and strong growth rates, and importantly, effective financial management.

AP Thailand's corporate credit rating has been upgraded to A with a stable outlook.

“We are very proud that Tris Rating has confidence in the company's business strategy. The upgraded credit rating reflects the company's competitive ability and strong growth, both in horizontal segments such as single-family homes, townhomes, and joint venture condominiums, with a diversified product portfolio covering all areas and price levels, as well as flexible management policies and strict financial discipline that can adapt even in the face of pandemic crises and economic fluctuations.”

Tris Rating Co., Ltd. stated that this credit rating upgrade reflects the confidence that Tris Rating has in AP Thailand's ability to achieve continuous and strong growth, while also maintaining excellent financial stability according to the set goals. In 2023, the company aims to launch up to 58 new projects worth approximately 77,000 million baht, with a sales target of 58,000 million baht and total revenue of 100% JV at 57,500 million baht. In the second quarter, AP is preparing to launch a total of 16 new projects worth 21,030 million baht, including 7 single-family home projects worth 9,380 million baht, 8 townhome projects worth 8,150 million baht, and 1 condominium project worth 3,500 million baht.

Stay updated on all new projects from AP, including single-family homes, townhomes, and condominiums throughout 2023. Click https://apth.ly/APNewHome2023 #APThai #AGoodLifeYouCanChoose #APNewHome2023 #APThaiUpdate2023

AP Thailand - A Good Life You Can Choose