New York, April 29, 2014 -- Moody's Investors Service ("Moody's) today affirmed Constellation Brands Inc.'s ("Constellation") Ba1 ratings and changed the outlook to stable from negative. This action reflects Constellation's solid performance since the acquisition of Modelo's U.S. beer business in June 2013 and Moody's expectation that the company will be able to reduce leverage in the next 12 to 18 months. Moody's also affirmed Constellation's SGL-3 Speculative Grade Liquidity rating.
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