Standard&Poor's expects consumer demand and competitive conditions in the U.S. tobacco space to remain favorable. We are affirming all of our ratings on U.S.-based Altria Group Inc., including our 'BBB+' corporate credit rating. The stable outlook reflects our expectation that Altria's profitability and cash flow will remain strong due its solid pricing power. In addition, we expect credit metrics to be relatively stable including leverage below 2x. On March 30, 2015, Standard&Poor's Ratings Services affirmed all of its ratings on Richmond, Va.-based Altria Group Inc., including our 'BBB+' corporate credit rating. The outlook is stable. Debt outstanding as of Dec. 31, 2014 was about $14.7 billion. We are publishing this report to disclose revised credit ratios
