Moody's rates Asahi Baa2

Moody's Investors Service said it assigned an issuer rating of Baa2 to Asahi Group Holdings, Ltd.

The outlook is stable.

The rating reflects Asahi's key credit strengths, including its diversified product portfolio covering alcoholic beverages, soft beverages and food products, Moody's said.

The rating also considers its stable profit generation, strong presence in the domestic beer market and well-recognized brand in Japan, the agency said.

The rating is constrained by the company's very high debt leverage due to the acquisition of European beer businesses, Moody's said, and execution risk related to the integration of these businesses.

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