Molson Coors Beverage Company: Rating Report

On March 3, 2023, DBRS Limited (DBRS Morningstar) confirmed Molson Coors Beverage Company’s (Molson Coors) Issuer Rating and Senior Unsecured Debt rating at BBB (low), and Commercial Paper rating at R-2 (low). In addition, DBRS Morningstar confirmed its rating on Molson Coors International LP’s Senior Unsecured Notes at BBB (low). All ratings carry Stable trends. The rating confirmations reflect Molson Coors’ relatively steady operating performance through 2022 in the context of the challenging operating environment resulting from inflationary pressures and decreased consumer purchasing power.