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Brewer Anheuser-Busch InBev Upgraded To 'A-' On Resilient Growth And Debt Repayment; Outlook Stable Apr 11
Standard & Poors, April 2011
Abstract
Belgium-based international brewer Anheuser-Busch InBev N.V./S.A. (ABI) continues to show resilient growth in revenues, profit, and cash flows. At the same time, debt repayment has brought the ratio of fully adjusted debt to EBITDA down to 3x at the end of 2010. We are therefore raising our long-term corporate credit rating on ABI to 'A-' from 'BBB+'. The stable outlook reflects our view that ABI's financial discipline should allow it to maintain credit metrics commensurate with the current rating while continuing its investment programs. LONDON (Standard & Poor's) April 19, 2011--Standard & Poor's Ratings Services said today that it raised its long-term corporate credit and senior unsecured issue ratings on Belgium-based international brewer Anheuser-Busch InBev N.V./S.A. (ABI) to 'A-' from...
Companies mentioned in this report are: Anheuser-Busch InBev N.V./S.A.,Anheuser-Busch Cos. Inc.,Anheuser-Busch InBev Worldwide Inc.,Brandbrew S.A.
Action: Outlook: Stable
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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