Victor, N.Y.-based Constellation Brands Inc.'s credit profile has improved, in part due to improving operating performance and debt reduction despite ongoing weak global macroeconomic conditions. We upgraded Constellation Brands ratings one notch, including its corporate credit rating to 'BB'. The outlook is positive because we expect Constellation Brands' credit measures will continue to strengthen from current levels. On Sept. 3, 2009, Standard&Poor's Ratings Services raised it ratings on Constellation Brands Inc., including its corporate credit rating to 'BB' from 'BB-'. The outlook is positive. The upgrade reflects Constellation Brands' good operating performance and improved credit measures, as well as our expectation that the improvement in the company's financial profile will be maintained despite current economic conditions which we
