Fitch affirms SABMiller

Fitch Ratings said it affirmed SABMiller plc's long-term issuer default rating and senior unsecured rating at BBB+ and short-term issuer default rating at F2.

The outlook is stable.

The affirmation reflects the benefits from SABMiller's geographic diversification, its position as the No. 2 player in the consolidated global beer industry and its maintenance of consistently conservative credit metrics, Fitch said.

The ratings also consider the risks arising from a currency mismatch between its debt and cash flow and a degree of mergers and acquisitions risk, the agency added.

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