THURSDAY, March 28, 2024
nationthailand

 TRIS assigns ‘A-’ rating to Carabao Group

 TRIS assigns ‘A-’ rating to Carabao Group

TRIS Rating on Monday assigned a company rating of at “A-” 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.

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