Moody's: Crown unaffected

Moody's Investors Service said that Crown Ltd.'s full-year results were broadly in line with expectations and hold no rating implication.

Crown has a Baa2 senior unsecured rating with a stable outlook.

"Notwithstanding the increased leverage, Crown remains well-positioned in its rating, which has a leverage tolerance of 3.0x," Moody's vice president and senior analyst Maurice O'Connell said in a news release, adding, "Crown's debt coverage metrics provide a degree of flexibility within the rating to continue to expand operations."

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