TMB plans to merge with Thanachart, the sixth-largest bank in Thailand. In our view, the merged entity could have high systemic importance with over 10% market share and is more likely to receive a higher level of government support. That said, the deal is still subject to regulatory approval and all the details of the terms of the merger are not available. Therefore, it is difficult for us to assess the full impact of the transaction on TMB's stand-alone credit profile, if any. We are placing our 'BBB-' long-term and 'A-3' short-term issuer credit ratings on TMB on CreditWatch with positive implications. SINGAPORE (S&P Global Ratings) Feb. 28, 2019--S&P Global Ratings said today that it placed its 'BBB-' long-term and 'A-3' short-term issuer credit ratings on TMB Bank Public Co. Ltd. on CreditWatch with positive implications. We also placed the 'BBB-' issue rating on the Thailand-based bank's outstanding senior u
