TEXT-S&P summary: PTT Public Co. Ltd.


(The following statement was released by the rating agency)

Oct 11 - =============================================================================== Summary analysis -- PTT Public Co. Ltd. --------------------------- 11-Oct-2012 =============================================================================== CREDIT RATING: BBB+/Stable/-- Country: Thailand Primary SIC: Oil and gas exploration services Mult. CUSIP6: 69367C =============================================================================== Credit Rating History: Local currency Foreign currency 14-Apr-2009 BBB+/-- BBB+/-- 26-Aug-2004 A-/-- BBB+/-- =============================================================================== Rationale

The rating on Thailand-based energy company PTT Public Co. Ltd. (PTT) reflectsthe company's 'bbb' stand-alone credit profile (SACP) and an extremely highlikelihood of extraordinary support from the government of Thailand (foreigncurrency BBB+/Stable/A-2; local currency A-/Stable/A-2; axAA/axA-1) in theevent of financial distress.