TRIS assigns ‘A-’ rating to Carabao Group

 
The rating reflects the listed company’s well-recognised brand name and strong position in the energy-drink market in Thailand, growing distribution network, and moderate but rising level of leverage, TRIS said. 
The rating is constrained by Carabao Group’s reliance on a limited range of products, and the uncertainty surrounding the expansion efforts in the United Kingdom, which might put pressure on profitability over the next few years, the ratings firm added.