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Published on 9/14/2015 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS assigns BBB to Molson Coors notes

DBRS Ltd. said it assigned a rating of BBB with a stable trend to Molson Coors International LP’s private placement of three-year and five-year notes totaling C$900 million announced on Sept. 11.

The issuance is made up of C$400 million 2.25% series 1 senior notes due Sept. 18, 2018 and C$500 million 2.75% series 2 senior notes due Sept. 18, 2020.

The notes will be unconditionally and irrevocably guaranteed by Molson Coors Brewing Co. and certain of its subsidiaries.


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