...NEW YORK (Standard & Poor's) Oct. 14, 2014--Standard & Poor's Ratings Services said today that it assigned its preliminary '##+' senior unsecured debt rating to Victor, N.Y.-based Constellation Brands Inc.'s (##+/Stable/--) Rule 415 shelf registration for debt securities. The new shelf has an indeterminate aggregate initial offering amount and number of debt securities. This replaces the company's prior shelf registration. The company will use net proceeds from any future sale of securities for general corporate purposes, including the repayment of debt, working capital, capital expenditures and acquisitions. The ratings on Constellation Brands reflect our assessment of the company's business risk profile as "strong" and financial risk profile as "aggressive." Key credit factors in our business risk assessment include the company's large scale (more than doubling its reported sales as a result of the Crown transaction that was completed in June 2013), expanded participation within the alcoholic...
