Belvedere’s low rating due to stagnant Polish market

Standard & Poor’s assigned its ‘B’ long-term corporate credit rating with a stable outlook to France-based Belvedere, a leading producer of alcoholic beverages in Poland.

“The corporate credit rating reflects Belvedere’s highly leveraged financial profile on completion of the acquisition,” said Standard & Poor’s credit analyst Michael Seewald.

Full story: CEE-foodindustry.com

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