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Published on 1/16/2013 in the Prospect News Investment Grade Daily.

Fitch: Anheuser Busch bond A

Fitch Ratings said it assigned a senior unsecured rating of A rating to Anheuser Busch InBev's subsidiary Anheuser Busch InBev Finance Inc.'s $4 billion bond issue.

The rating is in line with the company's issuer default rating of A.

The outlook is stable.

The notes rank pari passu with most of the company's other debt and benefit from the same system of unconditional, full and irrevocable cross guarantees enjoyed by debt incurred by Anheuser-Busch InBev NV/SA, Anheuser-Busch InBev Worldwide Inc, Anheuser-Busch Cos. LLC, Brandbrew SA and CoBrew NV, Fitch said.

The company's credit profile is supported by its status as a leading global player, the agency said.

The ratings reflect its size and leadership in the global beer industry, benefiting from a broad portfolio of local and global brands sold across all pricing points, Fitch said, as well as strong routes to market and a highly effective approach to managing costs.

The company's operations are balanced across profitable, mature markets and high growth ones, the agency said.


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