BACKGROUND

TRIS Rating Co., Ltd. (TRIS Rating) has more than 30 years of credit rating experience, dating back to 1993 when the credit rating operation was under Thai Rating and Information Services Co., Ltd., the first credit rating agency established in Thailand which was subsequently renamed TRIS Corporation Ltd. (TRIS Corporation). As part of a corporate restructuring in 2002, the entire credit rating operation was spun off to TRIS Rating as a separate entity, fully dedicated to credit rating services.

Since its inception, TRIS Rating has played an important role in the development of Thailand’s debt capital market, Adhering to its core corporate value of independence, TRIS Rating has expanded its rating services to cover all major corporate sectors and government related entities. By the end of 2024, TRIS Rating had rated around 600 entities, and accumulated debt issues worth more than Baht 9 trillion.

TRIS Rating’s development was marked by another crucial milestone in June 2016 when S&P Global Ratings, a global leader in credit research services, acquired a 49% interest in TRIS Rating. The partnership with S&P Global Ratings has strengthened TRIS Rating’s rating capability, and broadened the range of services to better serve the Thai debt capital market.