Finance

Fitch Ratings (Thailand) has published the National Long-Term Rating of ‘A(tha)’ on Bangkok Expressway and Metro Public Company Limited’s (BEM, A(tha)/Stable) proposed senior unsecured debentures of up to THB5,000 million. The proceeds will be used to refinance existing debt, fund capex and support working capital. RATING RATIONALE The proposed debentures are rated at the same […]

Fitch Ratings has revised Thai Beverage Public Company Limited’s (ThaiBev) Outlook to Negative from Stable and affirmed its Issuer Default Rating at ‘BBB-‘ and National Long-Term Rating at ‘AA(tha)’. The Negative Outlook reflects the risks associated with high leverage over the next 12-18 months. ThaiBev’s EBITDA net leverage increased to 4.1x in the year ended […]