Moody's Upgrades Molson Coors, Citing Strong Financials and Shareholder Rewards
Moody's has upgraded Molson Coors' credit rating and revised the outlook to positive, citing consistent debt repayment, conservative leverage targets, and strong revenue and cash flow growth. The company plans to implement a $2 billion share buyback program and resume dividend growth, while also aiming to reduce debt. Moody's believes Molson Coors will generate enough cash flow to support shareholder distributions and debt reduction, and expects the company to adjust shareholder rewards if necessary. The stock has gained 16% this year.