Phoong Pong, CEO of EPP Thailand, said that due to the "stabley" of "a" or "a positive" trend, the company upgraded Gap's rating to "a" from "a". Its credit rating reflects expertise and leadership in the real estate industry, as well as an operational plan, solid growth rate and strong financial management.

"We are very proud of the confidence we have in the company's business operating strategy. The credit rating has been upgraded to reflect the company's competitiveness and strong growth. The company's levels include single-storey homes and shared flats, its product ports across all regions and price levels, and its flexible management policies and strict financial discipline to adapt even in the face of epidemics and economic volatility."

Tristan Credit Ratings Limited said the rating upgrade reflects Tristan's confidence in Thai Midland. It will create a sustained, strong growth rate and maintain good financial stability.

In 2012, it launched 58 new projects worth approximately Bt7,700 billion, with sales of Bt58 billion and total revenues of Bt5,750 billion. In the second quarter, Associated released 16 new projects worth Bt210.3 million, single-storey residential projects worth Bt93.8 million, townhouses worth Bt815 billion and 1 condominium worth Bt35 million.