Home / Business / Fitch bestows stout ThaiBev with 'BBB'

Fitch bestows stout ThaiBev with 'BBB'

Fitch Ratings Thailand Ltd has placed Thai Beverage Plc’s (ThaiBev) long-term foreign-currency issuer default rating (IDR) at ‘BBB’ and national long-term rating at ‘AA+(tha)’ on the Ratings Watch Negative (RWN) list after the company announced on Dec 18 it will buy 53.59% of the common shares of Saigon Beer Alcohol Beverage Corporation (Sabeco), the leading Vietnamese beer manufacturer.
Source: Business

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