Moody's rates Bacardi short-term Prime-2

Moody's Investors Service said it assigned its Prime-2 rating to Bacardi Ltd. and its guaranteed subsidiaries for short-term issuance.

The company's Baa1 long-term ratings were affirmed and the outlook remains stable, the agency said.

The new short-term rating was assigned in connection with Bacardi's establishment of a $1 billion global commercial paper program, the agency said.

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