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S&P puts Anheuser-Busch on watch
S&P said it placed the A- long-term issuer credit rating on Anheuser-Busch Cos. Inc. on CreditWatch with negative implications.
The agency also affirmed its A-2 short-term rating.
At year-end 2018, Anheuser-Bush's adjusted debt-to-EBITDA ratio was 4.9x, down from 5x in 2017, which was significantly worse than anticipated, S&P said.
The agency said it believes that organic de-leveraging prospects alone are not sufficient to push the company's leverage toward 4x by year-end 2019.
S&P said it intends to resolve the CreditWatch in the next 90 days based on an assessment of the effect of any potential extraordinary actions taken to accelerate the company's de-leveraging.
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