You are here

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

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

BT_20190412_RJTHAI12B5U8_3751756.jpg
Fitch attributes the slower than forecast deleveraging to weak domestic demand for alcoholic beverages for the fiscal year ended September 2018.

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...

sentifi.com

Market voices on: