Bangkok: Global Power Synergy Public Company Limited (GPSC) has secured a domestic corporate credit rating of A+, as affirmed by Fitch Ratings. The rating agency also revised GPSC's rating outlook to "Stable", highlighting the company's enhanced financial management and instilling confidence among investors, shareholders, and stakeholders.

According to Thai News Agency, GPSC's Chief Financial Officer, Mrs. Panporn Sasanan, shared that GPSC has achieved an 'A+ (tha)' rating for domestic corporate credit and a 'BBB-' rating internationally. Both ratings are categorized as investment grade with an upward trend to "Stable" by Fitch Ratings. This reflects GPSC's disciplined financial management and operational efficiency, even amidst fluctuating energy prices. The company's strategy focuses on cost management, efficient investment approaches, and maintaining strong cash flow by adjusting its investment proportions and reducing debt.

Fitch Ratings acknowledged GPSC's pivotal role as a core entity in the power generation and utility segments of the PTT Group. The company's domestic and international credit ratings, coupled with a revised stable outlook, signify a robust return structure driven by consistent cash flow from main power plants. This financial strength is further supported by the reduction of debt levels following major overseas investments and the expansion of GPSC's clean energy portfolio, aligning with PTT Group's sustainability objectives.

Mrs. Panporn emphasized GPSC's dedication to sustainable business practices within a framework of good corporate governance, risk management, and a commitment to environmental and social responsibility. This approach aims to bolster confidence among investors, shareholders, and stakeholders across all sectors.