Anheuser-Busch InBev (ABInBev) and brewing concern SABMiller has reached a final agreement on the terms of the merger of the two companies, the deal will be about 71 billion pounds (107,2 billion).
MOSCOW, 13 Nov. International rating Agency Standard & Poor’s (S&P) on Friday downgraded the long-term and short-term corporate credit ratings one of the largest brewing companies in the world Anheuser-Busch InBev (ABInBev) and its subsidiaries to “A-/A-2 ‘from’ A/A-1” with a stable Outlook, said in the statement.
Earlier this week Anheuser-Busch InBev (ABInBev) and brewing concern SABMiller has reached a final agreement on the terms of the merger of the two companies, the deal will be about 71 billion pounds (107,2 billion).
“The downgrade followed the announcement by the boards of Directors of ABInBev and SABMiller that they had reached agreement on the terms of the ABInBev purchase of all released and upcoming to the issue of equity SABMiller. We do not accept any measures on the rating of SABMiller at the moment,” — said in the release S&P.
The company Anheuser-Busch InBev was formed in 2008 through the merger of the Belgian InBev and American Anheuser-Busch. The group produces beer under the brands of Budweiser, Stella Artois and Beck’s.
SABMiller is the second largest beer producer ABInBev after. A Russian subsidiary of SABMiller — the company “SABMiller Rus” has been operating since 1998. “SABMiller Rus” produces such beer brands as “Golden barrel”, “Three heroes”, “My Kaluga”, Miller Genuine Draft, Pilsner Urquell, Velkopopovicky Kozel, Peroni Nastro Azzurro, Grolsch and REDD’s license and Holsten.