AmBev Rated Investment Grade

Companhia de Bebidas Das Americas (AmBev), Brazil’s largest brewer and soft drinks company, has become the first Brazilian corporate to be rated investment grade by ratings agency Fitch Ratings following a recent debt restructuring at AmBev’s Canadian subsidiary Labatt. Fitch upgraded the company’s senior unsecured foreign currency rating to BBB- from BB+ , three notches above Brazil’s sovereign rating at BB-, and assigned a stable rating outlook to all AmBev’s ratings.