Fitch lifts Bavaria to BBB-

Fitch Ratings said it upgraded and removed from Rating Watch positive the foreign- and local-currency issuer default ratings of Bavaria SA to BBB-.

The outlook is stable.

The agency said the upgrade reflects the financial support that Bavaria receives from its parent company, SABMiller, the investments SABMiller has made to buy the minority stakes in Bavaria's key subsidiaries and the improving economic environment in Colombia and Peru.

Following these upgrades, Fitch withdrew the ratings due to lack of market interest.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.