Molson Coors Beverage Company: Rating Report
On March 3, 2023, DBRS Limited (DBRS Morningstar) confirmed Molson Coors Beverage Company’s (Molson Coors) Issuer Rating and Senior Unsecured Debt rating at BBB (low), and Commercial Paper rating at R-2 (low). In addition, DBRS Morningstar confirmed its rating on Molson Coors International LP’s Senior Unsecured Notes at BBB (low). All ratings carry Stable trends. The rating confirmations reflect Molson Coors’ relatively steady operating performance through 2022 in the context of the challenging operating environment resulting from inflationary pressures and decreased consumer purchasing power.
Molson Coors Brewing is a holding company. Through its subsidiaries, the company is a brewer and has a portfolio of brands, including Blue Moon, Coors Banquet, Coors Light, Miller Lite, Staropramen, Carling, Molson Canadian and other brands, as well as craft and specialty beers such as Creemore Springs, Cobra, Doom Bar, Henry's Hard and Leinenkugel's. The company's segments include: MillerCoors LLC operating in the U.S.; Molson Coors Canada operating in Canada; Molson Coors Europe operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K. and various other European countries; and Molson Coors International operating in various other countries.
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