THAIBEV ISSUE RATED
TRIS Rating has assigned the rating of “AA” to ThaiBev’s proposed issue of up to Bt50,000 million in senior unsecured debentures.
The proceeds from the new debentures will be used to repay outstanding debts and reserve for working capital.
The ratings reflect ThaiBev’s robust competitive position in the domestic beverage market, extensive distribution network, stable operating cash flow, and ongoing efforts to diversify its sources of income. These strengths are partially constrained by intense competition, as well as strict regulations and frequent hikes of excise taxes in the alcoholic beverages industry.
