Press Releases
BCH Receives “A+” Corporate Credit Rating from TRIS Rating, Reflecting Strong Financial Position
On November 12, 2025, Bangkok Chain Hospital Public Company Limited (BCH) was upgraded to an “A+” corporate credit rating, with a “Stable” outlook, by TRIS Rating Co., Ltd. This reflects a sustained improvement in the company’s balance sheet strength, supported by its conservative financial policy and robust cash flow, which is expected to largely cover capital expenditures and should result in only a modest need for additional debt. Overall, BCH is expected to maintain a strong capital structure, with the debt to EBITDA ratio remaining very low throughout the forecast period.
The company’s revenue is projected to grow further, driven by an expanding Thai patient base in both general and Social Security Scheme segments, along with increasing demand for advanced and specialized medical treatments. BCH continues to modernize and expand its hospital network. In addition, revenue from international patients is expected to recover, particularly from neighboring countries and emerging markets, helping offset slower demand from certain regions.
Profitability should also benefit from the successful ramp-up of newly opened and renovated facilities, as well as ongoing expense management. Existing hospitals are expected to achieve stronger margins through the introduction of advanced treatments and continued emphasis on operational efficiency and cost control.
Furthermore, BCH is progressing with the development and expansion of new hospital projects Kasemrad Hospital Suvarnabhumi and Kasemrad Hospital Rayong, which are scheduled to commence operations within 2027. These projects are intended to strengthen the company’s service capacity, meet the rising demand for healthcare services, and advance medical technology and hospital management systems to international standards.
