Moody's reviews Constellation Brands' Ba1 ratings for upgrade; raises SGL to SGL-1
New York, November 10, 2016-- Moody's Investors Service today placed the Ba1 Corporate Family and other ratings of Constellation Brands, Inc. on review for upgrade following its announcement that it will manage its net debt to EBITDA to around 3.5 x. At the same time, Moody's raised Constellation Brands' speculative grade liquidity rating to SGL-1 from SGL-3. Moody's had previously stated that leverage of below 3.5 times could lead to an upgrade.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.