| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Molson Coors Brewing Co. > News item |
S&P puts Molson Coors on negative watch
Standard & Poor’s said it placed all of the ratings on Molson Coors Brewing Co., including the BBB+ long-term corporate credit rating, on CreditWatch with negative implications.
The agency said there is very strong likelihood that Molson could acquire a controlling stake in, or all of, MillerCoors if Anheuser-Busch InBev SA/NV announces a firm offer for SABMiller.
A potential Anheuser-Busch/SABMiller transaction is likely to lead to a higher ownership stake in MillerCoors by Molson Coors, which could substantially increase leverage for Molson Coors, S&P said.
The negative watch reflects the significant amount of debt financing needed for the acquisition, leading to much higher debt leverage for Molson Coors, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.