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02.10.2014 19:00:00
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Constellation Brands, Inc. -- Moody's says Constellation's $1B investment is long term positive despite short term leverage increase
New York, October 02, 2014 -- Moody's Investors Service said today that Constellation Brands Inc.s' ("Constellation" or "STZ") announcement of a new glass sourcing strategy and incremental five million hectoliter capacity expansion at its Nava brewery in Mexico reflects long term positive growth momentum in its business and will not change its Ba1 rating or stable outlook despite a small increase in leverage in the short run.
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