- Homepage for the Wine Industry

Fitch Affirms Constellation Brands, Inc. IDR and Senior Notes at 'BB+'; Outlook Stable

May 01, 2013

Fitch Ratings has resolved the Rating Watch Negative status of Constellation Brands Inc.'s (Constellation) ratings, placed on Watch on Feb. 15, 2013, and assigned the ratings a Stable Outlook. The action follows the company's revised agreement that it would acquire Grupo Modelo's Piedras Negras brewery and perpetual rights to the Corona and Modelo brands in the U.S. for $2.9 billion in addition to the remaining 50% of Crown Imports LLC.