Victor, N.Y.–based Constellation Brands Inc. is amending and extending its senior secured credit facility. We have affirmed our ratings on Constellation Brands Inc. The positive outlook reflects our belief that the company will continue to strengthen it credit measures from current levels. On Jan. 12, 2010, Standard&Poor's Ratings Services affirmed its ratings on Constellation Brands Inc., including its 'BB' corporate credit rating. The outlook is positive. The affirmation follows Constellation Brands' proposed amendment and extension of its senior secured credit facilities. The company is proposing to extend its revolving credit facility two years to June 2013, but the revolver size is expected to be reduced to $650 million. Constellation Brands will also extend the maturity of $300 million
