The Business Times
SUBSCRIBERS

Fitch lowers ThaiBev's outlook to 'negative' from 'stable'

This reflects a slower than expected pace of deleveraging following a series of acquisitions

google-preferred-sourceAdd BT as a preferred source

Ng Ren Jye

Published Thu, Apr 11, 2019 · 09:50 PM

    Singapore

    CREDIT ratings agency Fitch Ratings has lowered its outlook for Thai Beverage to "negative" from "stable", reflecting a slower than expected pace of deleveraging following a series of acquisitions that raised its debt for the first quarter of fiscal 2018.

    ThaiBev acquired Saigon Beer-Alcohol-Beverage Corporation (Sabeco) in Vietnam, the Grand Royal Group in Myanmar and 252 KFC outlets in Thailand.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More