International rating agency Moody's improved outlook on the Danish brewing company Carlsberg Breweries from "negative" to "stable", the agency said.
"Improving the outlook on Carlsberg's rating reflects our expectations that the company will continue to reduce its debt to achieve a sufficient level of debt to EBITDA in order to maintain the Baa2 rating for 2017," the report said.
Moody's analysts note, reports the RNS, that these expectations are backed by cash flows, focusing on the reduction of debt and the degree of recovery of its key markets, such as Russia.
Carlsberg - Danish brewery group, one of the largest in the world. It includes the "Baltika", which owns eight factories in Russia.
See also ... 18 / 08 / 2016 Carlsberg for 6 months. reduced sales in Russia by 2% 07 / 04 / 2016 Carlsberg plans to cut spending by $ 351 million from Turkey to Russia 17 / 03 / 2016 General Director of Carlsberg Ukraine again in the Council12 / 05 / 2016 Olivaria is positive for 21; 07 / 2016 / 09; Carlsberg increased sales in Q3; 12 / 2015 / 06; 03 / 2014 / 2014 Carlsberg decides where to move production Aldaris11 / 11 / 2014 Profit Carlsberg fell due to weak pro sales in Russia12 / 11 / 2014 Carlsberg lowered its annual forecast due to Russia12 / 25 / 09 Carlsberg retained its share of the Ukrainian market in 2013;