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 […]