Report title: Bulletin: Rating On Kirin Holdings Unaffected By Planned Acquisition Of Dairy Farmers
from S&P Credit Research
639 word report published Aug 26, 2008

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Abstract: TOKYO (Standard&Poor's) Aug. 26, 2008--Standard&Poor's Ratings Services said today that its rating on Kirin Holdings Co. Ltd. (Kirin; A+/Stable/--) would not be affected by its planned acquisition of Dairy Farmers, a major Australia-based dairy products and beverage maker, through National Foods Ltd. (NR), Kirin's wholly owned Australian subsidiary. On Aug. 25, 2008, Kirin announced that National Foods had succeeded in its bid to acquire all the shares in Dairy Farmers and that both companies had reached a basic agreement on the acquisition. The acquisition is expected to be finalized in about three months upon approval by shareholders. Under its long-term management plan through December 2015, Kirin aims to increase to 30% the contribution made to total

Brief Excerpt: RESEARCH Ratings Definitions Bulletin: Rating On Kirin Holdings Unaffected By Planned Acquisition Of Dairy Farmers Publication date: 26-Aug-2008 Primary Credit Analyst: Machiko Amano, Tokyo (81) 3-4550-8659; machiko_amano@standardandpoors.com...

Report Type: News
Ticker: 2503@JP
Issuer: Kirin Holdings Co. Ltd. (Unsolicited Ratings)
GICS: Brewers (30201010)
Sector: Consumer Products, Corporations, Global Issuers
Country: Japan
Region: United States
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