S&P assigns Anheuser-Busch notes A

Standard & Poor's said it assigned its A rating to Anheuser-Busch Cos. Inc.'s $500 million of 5.5% senior unsecured notes due 2018.

The rating is the same as the A corporate credit rating on the company, the agency said, adding that the note issuance will be drawn off of the company's recent Rule 415 shelf registration of debt securities filed in October.

S&P said it expects that net proceeds from the note issuance will be used to repay outstanding short-term commercial paper borrowings.

According to the agency, the ratings on Anheuser-Busch reflect the company's leading market position in the U.S. beer industry, its strong cash flows and intermediate financial policies.

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