Fitch Ratings Thailand Limited has assigned Thai Beverage Public Company Limited’s (ThaiBev, BBB-/AA(tha)/stable) new senior unsecured debentures amounting to Bt70 billion a national long-term rating of “AA(tha)”.

The debentures are in five tranches with two- to 10-year tenures. Proceeds will be used to refinance existing bridging facilities.

The debentures are rated at the same level as ThaiBev’s national long-term rating as they constitute its direct, unsecured, unconditional and unsubordinated obligations.