Moody's affirms Anheuser-Busch

Moody's Investors Service said it affirmed the A3/Prime-2 senior unsecured ratings of Anheuser-Busch InBev SA de NV and rated subsidiaries following its announcement that it will acquire the remaining 50% of Modelo that it does not already own for about $20 billion.

The outlook remains positive.

"The full ownership of Modelo will give Anheuser-Busch the ability to consolidate and control the cash flows from this very attractive and growing business and further solidifies Anheuser-Busch's position as the global beer industry leader with over $47 billion in pro-forma total revenues," said Linda Montag, Moody's senior vice president.

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