Moody's ups Anheuser Busch

Moody's Investors Service said it upgraded the long-term senior ratings of Anheuser Busch InBev to Baa1 from Baa2 and affirmed the company's commercial paper rating of Prime-2.

The outlook is stable.

The rating action reflects the company's solid business profile and improvement in its financial profile and credit metrics in 2010, Moody's said.

The upgrade is supported by continued robust operating performance, which positions the company solidly among its peers in the brewing industry, and the company's track record of reducing its leverage, the agency added.

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