TRIS Rating Affirms “A+” Credit Rating for Bangchak Sriracha for Second Consecutive Year, Reinforcing Its Leadership in Thailand’s Energy Sector

TRIS Rating has affirmed the company rating of Bangchak Sriracha Public Company Limited (BSRC) at “A+”, with a “Stable” outlook, maintaining the same “A+” rating for its senior unsecured debentures. The rating is aligned with that of Bangchak Corporation Public Company Limited (BCP) and reflects BSRC’s strategic importance as a core subsidiary that plays a vital role in strengthening the overall competitiveness of the Bangchak Group.

TRIS Rating stated that BSRC holds a strong market position in Thailand’s oil industry, supported by its integrated operations with BCP - including crude oil procurement, logistics management, and marketing under the “Bangchak” brand. The agency also expects the company’s performance to recover and its leverage to decline over the next two years.

In addition, BSRC officially inaugurated its Very Large Crude Carrier (VLCC) berth at Bangchak Sriracha Refinery in Chonburi Province on 17 October 2025. This milestone marks a significant advancement in Thailand’s energy logistics, enhancing efficiency in crude oil transportation and import management, reducing operational costs, and strengthening the Bangchak Group’s competitiveness at the regional level.

The reaffirmation of “A+ / Stable” credit rating by TRIS Rating reflects confidence in Bangchak Sriracha’s capabilities as a leading energy organization, committed to enhancing Thailand’s energy competitiveness and driving sustainable progress in line with the global energy transition.