S&P removes Anheuser-Busch InBev from negative watch

S&P said it removed Anheuser-Busch InBev SA’s rating from CreditWatch with negative implications.

The company announced it is selling its Australian subsidiary Carleton & United Breweries. Proceeds are expected to be used for cutting debt.

“The negative outlook flags the possibility of a downgrade if, notwithstanding the about $11 billion debt reduction coming from the proceeds of the Australian subsidiary, we observe that the credit ratios do not improve in line with our current forecasts,” S&P said in a press release.

S&P also affirmed the company’s A- long-term ratings.

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