Fitch Ratings has affirmed Bangkok Aviation Fuel Services (BAFS)'s domestic financial strength rating at 'BBB(tha)' with a stable outlook, citing the company's robust financial position and risk management capabilities. The affirmation also acknowledges BAFS's strong market position as a comprehensive aviation fuel service provider at key Thai airports.

This rating underscores BAFS's critical role in Thailand's aviation sector and its expected positive net cash flow from 2569 (2026), driven by reduced capital expenditure and operational flexibility. The company's sustained profitability and debt reduction efforts are also key factors in its long-term stability.