S&P Boosts AmBev

S&P Boosts AmBev

S&P has raised AmBev’s credit rating to BBB+ from BBB, it says, based on the brewer’s ability to maintain consistent results through difficult economic cycles. The outlook is stable. “The upgrade reflects the company's capacity to sustain, and even improve profitability amid a challenging operating environment in most of its markets during 2009, resulting in much stronger-than-expected credit metrics,” the agency says. It highlights that the Brazilian brewer should end 2009 with an expected

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