Heineken N.V. assigned solid investment grade credit ratings by Moody's and S&P
(Thomson Reuters ONE) -
Amsterdam, 7 March 2012 - Heineken N.V. today announced that it has been
assigned solid investment grade credit ratings by the world's two leading credit
agencies, Moody's Investor Service and Standard & Poor's. Both long-term credit
ratings, Baa1 and BBB+, respectively, have 'stable' outlooks and reflect
HEINEKEN's excellent geographic spread of profits and cash flows, its leading
positions in beer markets across the world and its well-balanced growth
strategy.
The public credit ratings announced today, the first in the company's almost
150-year history, provide HEINEKEN with continuous access to a wide range of
funding sources and will facilitate and further enhance its already successful
track record in the financial markets. These ratings will be assigned to
HEINEKEN's European Medium Term Note (EMTN) Programme that will be published on
the website of the Luxembourg Commission de Surveillance du Secteur Financier
(CSSF), once the annual update has been completed.
René Hooft Graafland, HEINEKEN Executive Board member and CFO, commented "the
award of these credit ratings underlines our commitment to transparency and
diversification of our funding sources."
"The credit rating agencies have recognised the strength of Heineken® and our
other brands, our geographic diversity, our leading profitable market positions
and strong cash flow generation. These have all been instrumental in securing
these solid investment grade ratings today. In addition, our sound financial
policies and conservative approach towards managing liquidity and funding
continue to support a strong capital structure in the long-term," Hooft
Graafland concluded.
Press enquiries
John G. Clarke
Director External Communication
E-mail:john.g.clarke(at)heineken.com
Tel: +31-20-5239355
Investor and analyst enquiries
George Toulantas
Director of Investor Relations
E-mail:investors(at)heineken.com
Tel: +31-20-5239590
Editorial information:
HEINEKEN is a proud, independent global brewer committed to surprise and excite
consumers with its brands and products everywhere. The brand that bears the
founder's family name - Heineken® - is available in almost every country on the
globe and is the world's most valuable international premium beer brand. The
Company's aim is to be a leading brewer in each of the markets in which it
operates and to have the world's most valuable brand portfolio. HEINEKEN wants
to win in all markets with Heineken® and with a full brand portfolio in markets
of choice. The Company is present in over 70 countries and operates more than
140 breweries with volume of 214 million hectolitres of group beer sold.
HEINEKEN is Europe's largest brewer and the world's third largest by volume.
HEINEKEN is committed to the responsible marketing and consumption of its more
than 200 international premium, regional, local and specialty beers and ciders.
These include Amstel, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster's,
Heineken, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow,
Tecate, and Zywiec. Our leading joint venture brands include Cristal,
Kingfisher, Tiger and Anchor. In 2011, revenue totaled ?17.1 billion and EBIT
(beia) was ?2.7 billion. The number of people employed is around 70,000.
Heineken N.V. and Heineken Holding N.V. shares are listed on the Amsterdam stock
exchange. Prices for the ordinary shares may be accessed on Bloomberg under the
symbols HEIA NA and HEIO NA and on the Reuter Equities 2000 Service under
HEIN.AS and HEIO.AS. Most recent information is available on HEINEKEN's
website:www.theHEINEKENcompany.com.
Moody's Investors Service is a leading provider of credit ratings, research and
risk analysis to corporate issuers, public finance issuers and structured
finance obligations. Moody's commitment and expertise contributes to transparent
and integrated financial markets, protecting the integrity of credit. For more
information, visit www.moodys.com.
Standard & Poor's, a part of The McGraw-Hill Companies, is the world's foremost
provider of credit ratings. With offices in 23 countries, Standard & Poor's is
an important part of the world's financial infrastructure and has played a
leading role for more than 150 years in providing investors with information and
independent benchmarks for their investment and financial decisions. For more
information, visit www.standardandpoors.com.
Disclaimer:
This press release contains forward-looking statements with regard to the
financial position and results of HEINEKEN's activities. These forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially from those expressed in the forward-looking
statements. Many of these risks and uncertainties relate to factors that are
beyond HEINEKEN's ability to control or estimate precisely, such as future
market and economic conditions, the behaviour of other market participants,
changes in consumer preferences, the ability to successfully integrate acquired
businesses and achieve anticipated synergies, costs of raw materials, interest-
rate and exchange-rate fluctuations, changes in tax rates, changes in law,
pension costs, the actions of government regulators and weather conditions.
These and other risk factors are detailed in HEINEKEN's publicly filed annual
reports. You are cautioned not to place undue reliance on these forward-looking
statements, which are only relevant as of the date of this press release.
HEINEKEN does not undertake any obligation to release publicly any revisions to
these forward-looking statements to reflect events or circumstances after the
date of these statements. Market share estimates contained in this press release
are based on outside sources, such as specialised research institutes, in
combination with management estimates.
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originality of the information contained therein.
Source: HEINEKEN NV via Thomson Reuters ONE
[HUG#1591766]
Unternehmensinformation / Kurzprofil:
Datum: 07.03.2012 - 07:50 Uhr
Sprache: Deutsch
News-ID 122530
Anzahl Zeichen: 7098
contact information:
Town:
Amsterdam
Kategorie:
Business News
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