Moody's affirms Diageo's A3 ratings; stable outlook
Milan, December 15, 2016-- Moody's Investors Service, has today affirmed the A3/Prime-2 senior unsecured long-term and short-term ratings of Diageo PLC and of its guaranteed subsidiaries. The outlook on the ratings remains stable. "Today's rating action reflects our expectation that Diageo's key credit metrics will improve over the next 12 months, on the back of rising profitability and strong free cash flow generation," says Paolo Leschiutta, a Moody's Vice President-- Senior...
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