Blue Ribbon, LLC -- Moody's assigns first time CFR of B2 to Blue Ribbon, LLC; outlook stable

New York, October 22, 2014 -- Moody's Investors Service today assigned first time ratings to Blue Ribbon, LLC ("Blue Ribbon"), including a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default Rating (PDR). Concurrently, Moody's rated Blue Ribbon's 7-year, $395 million senior secured 1st lien term loan and $75 million revolving credit facility expiring in 2019 at B1, and the 8-year $130 million senior secured 2nd lien term loan at Caa1. Proceeds from the term loans will be used to fund the acquisition of Blue Ribbon by a consortium of investors that consists of the Great American Brewing Company and TSG Consumer Partners. The outlook is stable.

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