Credit Rating (TRIS Rating)

Tris Rating 2025

"On November 24, 2024, TRIS Rating affirmed the company rating of Krungthai Car Rent & Lease PLC (KCAR) at “A-” with a "Stable" outlook. This rating reflects the company's strong business position in the car rental industry, as well as its ability to generate profits, low debt levels, strong cash flow for debt servicing, and a well-positioned funding and liquidity status.

KCAR offers short-term car rental services (daily, weekly, or monthly rentals) and corporate car rental services (long-term or annual rentals), along with comprehensive vehicle care throughout the lease period, including maintenance, compulsory car insurance, annual tax renewals, replacement vehicles during repairs, and 24-hour call center service."