Fitch affirms Thai Beverage’s debt ratings
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Fitch Ratings has affirmed Thai Beverage’s (ThaiBev) long-term issuer default rating at ‘BBB’ and national long-term rating at ‘AA+(tha)’, with a stable outlook.
The affirmation reflects ThaiBev’s strong business profile as the largest drinks producer in Thailand, including the powerful brands in the spirits segment, its wide distribution network, and its diversification across food and beverages products, the ratings firm said.
ThaiBev’s ratings are also supported by its conservative capital structure, Fitch added.
