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AmBev - Companhia de Bebidas das Am?ricas Dec 11
Standard & Poors, Dec 2011
Abstract
Premium branded portfolio with strong market positions; Strong liquidity and very low leverage metrics; and Sound cost position, for the highest profitability in the industry. Operation in a very competitive industry; and Exposure to volatile cash flows and exchange rates in Latin American economies. Standard & Poor's Ratings Services' ratings on Brazil-based beverage producer AmBev - Companhia de Bebidas das Am-ricas reflect the company's top-line branded portfolio with leading positions in most of the markets in which it operates, strong cash flows, low leverage, and strong liquidity. Integration with its controlling shareholder, the world's largest brewing company, Anheuser-Busch InBev N.V./S.A. (ABI; A-/Stable/A-2), is also a positive rating factor because it generates operational synergies and opportunities to develop an even more...
Companies mentioned in this report are: AmBev - Companhia de Bebidas das Americas,Anheuser-Busch InBev N.V./S.A.
Action: Review
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: Full Analysis
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