TRIS assigns ‘A-’ rating to Carabao Group

Corporate November 20, 2017 17:40

By The Nation

TRIS Rating on Monday assigned a company rating of at “A-” to Carabao Group. 


The rating reflects the listed company’s well-recognised brand name and strong position in the energy-drink market in Thailand, growing distribution network, and moderate but rising level of leverage, TRIS said. 

The rating is constrained by Carabao Group’s reliance on a limited range of products, and the uncertainty surrounding the expansion efforts in the United Kingdom, which might put pressure on profitability over the next few years, the ratings firm added.