International Breweries gets 1st rating

International Breweries has been assigned first-time national scale long-term and short-term issuer ratings, by GCR Ratings.

The Nigeria-based consumer beverages producer has received a national scale long-term issuer rating of A(NG) and a national scale short-term issuer rating of A1(NG), with a stable outlook.

International Breweries’ rating reflects its mid-to-strong competitive position within the Nigerian brewery space.

The rating also reflects the firms’ ongoing operational and strategic support from its parent company, Anheuser-Bush InBev, a Belgium-based consumer beverages producer.

International Breweries’ stable outlook reflects GCR’s view that the company will continue to benefit from tangible technical and financial support from AB InBev.

See issuer profile here