Emerging Credit Rating Limited (hereinafter referred to as ECRL) has affirmed BBB- (Pronounced as triple B minus) long term credit rating and ST- 3 short term rating to BD Thai Food & Beverage Limited (from here on referred to as BDTFBL or ‘The Company’). The outlook on the rating is Stable. The rating is based on audited financial statement of FY 2019-FY2023. ECRL considered financial performance, scale of business, bank performance, management experience and prospect of the industry while assigning the rating.