Moody's lifts Cerveceria Nacional

Moody's Investors Service said it upgraded Cerveceria Nacional Dominicana, C por A's foreign-currency corporate family rating and $225 million 8% senior unsecured notes due 2014 to Ba3 from B1 and affirmed its local-currency corporate family rating and $175 million 16% Dominican peso-linked senior unsecured notes due 2012 at Ba3.

This concludes the review for upgrade begun in March, and the outlook is stable.

The agency said the upgrade follows its upgrade of the Dominican Republic's foreign-currency country ceiling to Ba3 from B1.

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