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	The rating agency expects Thai Bev&rsquo;s higher debt and lower cash flow adequacy to weaken its financial risk profile over the next 24 months, following the&nbsp;completion of the company&rsquo;s debt-funded acquisition of a stake in F&amp;N. It does not expect the business risk profile to improve significantly during this time.</div>

ThaiBev's rating lowered on higher debt level

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Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia.

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Nuttapakron is a Rewriter for Nation Group. He focuses on factual precision and clarity, striving to present updates that are both trustworthy and highly readable.&nbsp;

ThaiBev's rating lowered on higher debt level

Standard and Poor's Ratings Services on Thursday lowered the rating of Thai Beverage by one notch to "BBB-" on higher leverage.

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