S&P revises JAB view to positive

S&P said it revised the outlook for JAB Holding Co. Sarl to positive from stable and affirmed its A- long-term rating as well as those on the debt sold by JAB Holdings BV.

Jacobs Douwe Egberts, the second largest global coffee roaster, will combine with Peet’s Coffee, the U.S.-based premium retail coffee brand, and explore an IPO, creating a company with positions in more than 20 major markets. The potential IPO would increase the liquidity of the assets held by JAB Holding, which will be the controlling shareholder of the combined entity.

“The positive outlook stems from our view that the liquidity of JAB’s assets could increase with the IPO of JDE and Peet’s,” said S&P in a press release.

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