DBRS affirms Molson

DBRS said it confirmed the long- and short-term ratings of Molson Coors Brewing Co. and its related entities at BBB (high) and R-2 (high), respectively.

The trend is stable.

Molson Coors displayed healthy margins and stable profitability in 2010 and continues to benefit from well-known brands, innovative new products and increasingly efficient operations, DBRS said.

Despite relatively strong credit metrics, the ratings continue to reflect the challenges associated with achieving profitable growth given the mature nature of Molson Coors' core markets, the agency added.

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