U.S.-based Constellation Brands and Anheuser-Busch InBev have revised their agreement related to the divestiture of Grupo Modelo's U.S. business. We're affirming our ratings on Constellation Brands, including its 'BB+' corporate credit rating. The rating outlook on Constellation Brands remains stable. On Feb. 14, 2013, Standard&Poor's Ratings Services affirmed all of its ratings on Victor, N.Y.-based Constellation Brands Inc., including its 'BB+' corporate credit rating, following the announcement that Constellation Brands and Anheuser-Busch InBev N.V./S.A. (ABI) have revised their agreement to complete the divestiture of Grupo Modelo S.A.B. de C.V.'s U.S. business. In June 2012, Constellation Brands signed a definitive agreement with ABI to purchase the remaining 50% interest in Crown Imports LLC for $1.85 billion (representing about 8.5x
