Moody's ups Anheuser-Busch InBev outlook to positive

Moody's Investors Service said it changed the outlook on the Baa2 issuer and senior unsecured ratings of Anheuser-Busch InBev to positive from stable.

"The outlook change reflects the solid execution of the company's ongoing de-leveraging plan following its 2008 combination with Anheuser-Busch Companies Inc., its resilient operational performance and improved liquidity profile," said Yasmina Serghini-Douvin, a Moody's assistant vice president-analyst and lead analyst for Anheuser-Busch InBev.

The rating action also acknowledges that the progress made in 2009 in strengthening company's credit metrics could - if sustained over the next 12 to 24 months - more firmly position the company in its trajectory towards a higher rating category, the agency said.

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