NEW YORK (S&P Global Ratings) Jan. 9, 2024--S&P Global Ratings today assigned its 'BBB' issue-level rating to Constellation Brands Inc.'s proposed senior unsecured notes (final amounts and maturities to be determined). The company intends to use the net proceeds from this offering for general corporate purposes, including working capital, funding capital expenditures, repayment of debt, and other business opportunities. The 'BBB' issuer credit rating, with a stable outlook, is unchanged. Please refer to our tear sheet published on Jan. 5, 2024, for our most recent rating analysis on Constellation Brands. Constellation Brands produces, imports, and markets branded beer, wine, and spirits with production in the U.S., Mexico, New Zealand, and Italy. Key brands include Corona, Robert Mondavi, and Svedka Vodka.
