S&P: Molson Coors positive

Standard & Poor's said it revised its outlook on Molson Coors Brewing Co. to positive from stable and affirmed its BBB- corporate credit and senior unsecured debt ratings on the company.

"The outlook revision to positive reflects the company's improved credit measures - including our standard adjustments - following the repayment of its share of Brewers' Retail Inc. debt, as well as the settlement/repayment of about 25% of its cross-currency swap liability during the 2011 third quarter, despite weak industry fundamentals," said S&P credit analyst Jean Stout in a news release.

The agency said its positive outlook reflects the expectation that, despite still-challenging industry conditions within its key markets, Molson Coors' credit measures will continue to gradually improve to levels that support a higher rating.

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