Rating On Constellation Brands Affirmed At 'BB-'; Outlook Revised To Positive - S&P Global Ratings’ Credit Research

Rating On Constellation Brands Affirmed At 'BB-'; Outlook Revised To Positive

Rating On Constellation Brands Affirmed At 'BB-'; Outlook Revised To Positive - S&P Global Ratings’ Credit Research
Rating On Constellation Brands Affirmed At 'BB-'; Outlook Revised To Positive
Published Jan 14, 2009
Published Jan 14, 2009
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Abstract:

NEW YORK (Standard&Poor's) Jan. 14, 2009--Standard&Poor's Ratings Services today said that it revised its outlook on Constellation Brands Inc. to positive from stable. At the same time, we affirmed our ratings on Constellation Brands, including the 'BB-' corporate credit rating. "The outlook revision reflects Constellation Brands' good operating performance and improved credit measures, as well as the expectation that the company will be able to maintain its improved financial profile, despite current weak economic conditions which could further slow overall demand for premium alcoholic beverages," said Standard&Poor' credit analyst Jean C. Stout. As of Nov. 30, 2008, Fairpoint, N.Y.–based Constellation Brands Inc. had about $4.8 billion of debt. Our ratings on Constellation Brands reflect

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Distillers & Vintners (30201020)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Rating On Constellation Brands Affirmed At 'BB-'; Outlook Revised To Positive" Jan 14, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Constellation-Brands-Affirmed-At-BB-Outlook-Revised-To-Positive-696163>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On Constellation Brands Affirmed At 'BB-'; Outlook Revised To Positive Jan 14, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Constellation-Brands-Affirmed-At-BB-Outlook-Revised-To-Positive-696163>
  
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