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Molson Coors (TAP -5.4%) fell sharply following its $3.5B deal to acquire StarBev, and the cool...

Molson Coors (TAP -5.4%) fell sharply following its $3.5B deal to acquire StarBev, and the cool reaction from ratings agencies likely played a role. Moody's lowered its rating on Molson, which has $2.3B in debt, to Baa2 (a notch below investment-grade), noting beer consumption in StarBev's markets is often volatile during recessions. Fitch argues the deal isn't enough to allow Molson to challenge BUD and other Euro market leaders. (also)
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  • Tack
    , contributor
    Comments (14092) | Send Message
     
    These "expert" observations on the beer business brought to you by the same "geniuses" who rated subprime mortgage loans "AAA."

     

    And, yet the market drops on their utterances? That's either nuts, or there's some other reason for the cold shoulder.
    3 Apr 2012, 06:28 PM Reply Like
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