FDBusiness.com

Heineken Assigned Solid Investment Grade Credit Ratings

 Breaking News
  • Diageo to Acquire British Distillery Spread the loveDiageo announces it has reached agreement to acquire Herefordshire-based Chase Distillery, the owner of Chase GB Gin and the award-winning Chase Original Potato Vodka. Founded in 2008 by...
  • Tate & Lyle to Expand Tapioca Production Spread the loveTate & Lyle, a leading global provider of food and beverage ingredients and solutions, is to acquire an 85% shareholding in Chaodee Modified Starch Co, a well-established tapioca...
  • Coca-Cola European Partners to acquire Coca-Cola Amatil Spread the loveCoca-Cola European Partners, the world’s largest Coke bottler based on revenue, has agreed to acquire Coca-Cola Amatil, one of the largest bottlers and distributors of ready-to-drink beverages and...
  • Treatt Partners With Siemens to Power Digitalisation at New Global Headquarters Spread the loveTreatt, an ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets, has partnered with Siemens Digital Industries (DI) to build a world class...
  • Diageo Introduces ‘Guinness 0.0’ Spread the loveDiageo has launched Guinness 0.0, a new non-alcoholic beer from the brewers at St James’s Gate in Dublin that boasts the same beautifully smooth taste, perfectly balanced flavour...

Heineken Assigned Solid Investment Grade Credit Ratings

Heineken Assigned Solid Investment Grade Credit Ratings
March 08
14:16 2012
Spread the love

Heineken has been assigned solid investment grade credit ratings by the world’s two leading credit agencies – Moody’s Investor Service and Standard & Poor’s. Both long-term credit ratings, Baa1 and BBB+, respectively, have ‘stable’ outlooks and reflect the brewer’s excellent geographic spread of profits and cash flows, its leading positions in beer markets across the world and its well-balanced growth strategy.

The public credit ratings, the first in the company’s almost 150-year history, provide Heineken with continuous access to a wide range of funding sources and will facilitate and further enhance its already successful track record in the financial markets. These ratings will be assigned to Heineken’s European Medium Term Note (EMTN) Programme that will be published on the website of the Luxembourg Commission de Surveillance du Secteur Financier (CSSF), once the annual update has been completed.

“The award of these credit ratings underlines our commitment to transparency and diversification of our funding sources,” comments Rene Hooft Graafland, chief financial officer of Heineken. “The credit rating agencies have recognised the strength of Heineken and our other brands, our geographic diversity, our leading profitable market positions and strong cash flow generation. These have all been instrumental in securing these solid investment grade ratings today. In addition, our sound financial policies and conservative approach towards managing liquidity and funding continue to support a strong capital structure in the long-term.”

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements