Moody's rates Molson Coors' proposed notes Baa3
New York, March 06, 2017-- Moody's Investors Service today assigned Baa3 ratings to Molson Coors Brewing Company's proposed senior unsecured USD notes being offering in 2- year and 3- year tranches. Proceeds from the proposed issuances will be used to repay a portion of the company's outstanding term loan borrowings. All other ratings remain unchanged.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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