S&P affirms Heineken

Standard & Poor's said it affirmed its BBB+/A-2 long- and short-term corporate credit ratings on Heineken NV.

At the same time, the agency said it removed the ratings from CreditWatch, where they had been placed with negative implications on July 25. The outlook is stable.

The agency said the affirmation reflects its assessment that Heineken's credit metrics, pro forma for the acquisition of Asia Pacific Breweries Ltd., will only temporarily and moderately deviate from S&P's guidance for the rating and quickly recover thereafter.

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