S&P: Carolina Beer view to stable

Standard & Poor's said it affirmed its B- corporate credit rating on Carolina Beer & Beverage Holdings LLC.

The outlook was revised to stable from positive.

At the same time, the agency affirmed its B- issue-level rating on Carolina Beverage Group LLC's now proposed $130 million senior secured notes due 2018, issued under Rule 144A without registration rights. The recovery rating remains 4, indicating the expectation for average (30% to 50%) recovery in the event of a payment default.

S&P said the ratings on Carolina reflect its opinion that the company's business risk profile is "vulnerable" and financial risk profile is "highly leveraged."

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