NEW YORK (Standard&Poor's) Nov. 28, 2007--Standard&Poor's Ratings Services said today it assigned its 'BB-' senior unsecured debt rating to Constellation Brands Inc.'s proposed $500 million note offering due 2014. The rating is the same as the 'BB-' corporate credit rating on the company. The note issuance will be drawn off of the company's Rule 415 shelf registration of debt securities filed in August 2006. We expect that net proceeds from the note issuance will be used to fund a meaningful portion of the company's pending acquisition of Beam Wine Estates Inc., which the company agreed to acquire from Fortune Brands Inc. for approximately $885 million. The ratings on Fairport, N.Y.-based Constellation Brands reflect the company's acquisitive
