06.04.2016 21:18:00

Constellation Brands, Inc. -- Moody's says Constellation Brands taking on Prisoner and considering Canada IPO are credit positives but do not change ratings

New York, April 06, 2016 -- Moody's Investors Service said today that Constellation Brands' (Ba1, stable) announcements during its fourth quarter earnings call that it will purchase the Prisoner Wine Company and consider an IPO for part of its Canadian business are credit positives. The moves do not affect the current Ba1 rating as financial policy has not changed. For further information please see the Issuer Comment published at www.Moodys.com.

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