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Fitch Places Molson Coors on Rating Watch Negative (Fitch Inc)

(Source: Fitch Inc) 12 Nov 2015 5:48 PM GMT/UTC Fitch Ratings-Chicago-12 November 2015: Fitch Ratings has placed Molson Coors Brewing Company's (Molson Coors) long-term Issuer Default Rating (IDR) and senior unsecured ratings at all Molson Coors entities on Rating Watch Negative. The rating actions follows the announcement by Molson Coors that it has entered into a definitive agreement with Anheuser-Busch InBev SA/NV (AB InBev) to purchase SABMiller plc's (SABMiller) 58% stake in MillerCoors for $12 billion. The agreement also includes the ownership of the Miller Brand Family globally, an estimated $2.4 billion present value of cash tax benefits, and perpetual, royalty-free U.S. rights to...

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