Research Update: Constellation Brands Inc.'s Proposed $400M Notes Rated 'BB+' (Recovery Rating: 3); Corporate Credit Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Constellation Brands Inc.'s Proposed $400M Notes Rated 'BB+' (Recovery Rating: 3); Corporate Credit Rating Affirmed

Research Update: Constellation Brands Inc.'s Proposed $400M Notes Rated 'BB+' (Recovery Rating: 3); Corporate Credit Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Constellation Brands Inc.'s Proposed $400M Notes Rated 'BB+' (Recovery Rating: 3); Corporate Credit Rating Affirmed
Published Apr 10, 2012
2107 words — Published Apr 10, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Victor, N.Y.-based Constellation Brands Inc. plans to issue $400 million of senior unsecured notes due 2022. We are assigning a 'BB+' senior unsecured debt rating and '3' recovery rating to the proposed notes. We are affirming our ratings on Constellation Brands, including the corporate credit rating at 'BB+'. The stable outlook continues to reflect our expectation that Constellation Brands' credit measures will remain within or near indicative ratio ranges for a "significant" financial risk profile. On April 10, 2012, Standard&Poor's Ratings Services assigned its 'BB+' issue level and '3' recovery ratings to Constellation Brands' proposed $400 million senior unsecured notes due 2022. At the same time, we affirmed our ratings on Constellation Brands, including the 'BB+ corporate credit

  
Brief Excerpt:

RESEARCH Research Update: Constellation Brands Inc.'s Proposed $400M Notes Rated '##+' (Recovery Rating: 3); Corporate Credit Rating Affirmed Publication date: 10-Apr-2012 Primary Credit Analyst: Jean C Stout, New York (1) 212-438-7865;...

  
Report Type:

Research Update

Ticker
STZ
Issuer
Constellation Brands Inc.
GICS
Distillers & Vintners (30201020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Constellation Brands Inc.'s Proposed $400M Notes Rated 'BB+' (Recovery Rating: 3); Corporate Credit Rating Affirmed" Apr 10, 2012. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Constellation-Brands-Inc-s-Proposed-400M-Notes-Rated-BB-Recovery-Rating-3-Corporate-Credit-Rating-Affirmed-956199>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Constellation Brands Inc.'s Proposed $400M Notes Rated 'BB+' (Recovery Rating: 3); Corporate Credit Rating Affirmed Apr 10, 2012. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Constellation-Brands-Inc-s-Proposed-400M-Notes-Rated-BB-Recovery-Rating-3-Corporate-Credit-Rating-Affirmed-956199>
  
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