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DBRS confirms Molson Coors
DBRS said it confirmed the long-term and short-term ratings of Molson Coors Brewing Co. and its related entities at BBB (low) and R-2 (low), respectively.
The trends are stable.
The agency said the confirmation reflects the acquisition of the remaining 58% interest in MillerCoors on Oct. 11, 2016, as well as the expectation of continued deleveraging and ongoing cost-saving initiatives in a challenging competitive environment.
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