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S&P assigns BBB+ to Molson Coors notes
Standard & Poor’s said it assigned its BBB+ senior unsecured debt rating to Molson Coors International LP's C$400 million senior unsecured notes due 2018 and C$500 million senior unsecured notes due 2020.
Molson Coors Brewing Co. and certain subsidiary guarantors will unconditionally guarantee this debt.
S&P said Molson Coors benefits from its leading market positions in its U.S., Canadian, U.K. and Central European markets and a strong brand portfolio, including Coors Light, Molson Canadian, Carling and over 20 local European brands, including its flagship brand, Staropramen.
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