S&P changes Pernod Ricard to positive

S&P said it revised its outlook on Pernod Ricard SA to positive from stable and affirmed the BBB- long-term and A-3 short-term corporate credit ratings.

S&P said the outlook revision is based on its assumption that Pernod Ricard's improvements in its leverage ratios over the past two years will continue. The agency believes that it will deleverage further owing to its solid cash generation and predictable dividend policy.

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