Fitch Ratings has announced on 16 March 2026 that it plans to withdraw the ratings on Thai Beverage Public Company Limited (SGX: Y92) on or about 15 April 2026, which is approximately 30 days from the date of this commentary, for commercial reasons.
Fitch currently places Long-Term Issuer Default Rating at ‘BBB-’; Outlook Negative on Thai Beverage Public Company.
Fitch adds in its announcement that it reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days’ notice to the market of the rating withdrawal of Thai Beverage Public Company. Ratings are subject to analytical review and may change up to the time Fitch withdraws the ratings.
Fitch’s last rating action for the above referenced entity was on 2 March 2026, when the rating was affirmed.
