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.