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S&P Credit Research924 word report
published Nov 19, 2008
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| Abstract: | TOKYO (Standard&Poor's) Nov. 19, 2008--Standard&Poor's Ratings Services said today that if acquisition talks between Kirin Holdings Co. Ltd.'s (Kirin; A+/Stable/--) 46% subsidiary, Lion Nathan Ltd. (BBB/Stable/--), and Coca-Cola Amatil Ltd. (CCA; A-/Stable/A-2), Australia's leading soft drink company, were successful, it would likely have a negative impact on Kirin's credit quality. However, significant uncertainties remain as to whether the transaction will proceed as proposed, given that CCA has not accepted the proposal and the merger requires the approval of a range of regulatory authorities as well as the support of CCA and Lion Nathan shareholders. Although the transaction is in line with Kirin's growth strategy, Standard&Poor's takes the view that it is highly likely that
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| Brief Excerpt: | RESEARCH Ratings Definitions Credit Quality Of Kirin Holdings Could Be Negatively Impacted By Proposed Acquisition Publication date: 19-Nov-2008 Primary Credit Analysts: Machiko Amano, Tokyo (81) 3-4550-8659; machiko_amano@standardandpoors.com...
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| Report Type: | News
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| Ticker: | 2503@JP
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| Issuer: | Kirin Holdings Co. Ltd. (Unsolicited Ratings)
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| GICS: | Brewers (30201010)
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| Sector: | Consumer Products, Corporations, Global Issuers
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| Country: | Japan
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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