In this article, we are going to talk about the 15 biggest wine companies in the world. You can skip our detailed discussion of the wine industry outlook and go directly to 5 biggest wine companies in the world. There is nothing better than capping the day off with a glass (or bottle) of wine […]
Moody's Investors Service has affirmed Thai Beverage Public Company Limited's (ThaiBev) Baa3 issuer rating. At the same time, Moody's has changed the rating outlook to stable from negative. "The Baa3 rating affirmation and change in rating outlook to stable from negative reflects the resiliency of ThaiBev's operations, underpinned by its leading market position in the domestic alcohol segment, particularly for spirits, which has continued to support its solid cash flow generation," says Annalisa DiChiara, a Moody's Senior Vice President.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Thai Beverage Public Company Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.