Fitch Releases Credit Analysis of Compania Cervecerias Unidas S.A. -- CCU --.Business Editors CHICAGO--(BUSINESS WIRE)--March 25, 2003 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has published a Credit Analysis of Compania Cervecerias Unidas S.A. (CCU CCU abbr. 1. coronary care unit 2. critical care unit CCU critical care unit. CCU Critical care unit, see there ). This report covers the rating rationale for Fitch's 'A-' rating of CCU's senior unsecured foreign and local currency debt. Other sections of the report include a review of the company's financial performance in 2002, a discussion of the credit outlook for the company that includes Fitch's expectations for the company's credit protection measures in 2003 and 2004, as well as a complete discussion of each of the company's business divisions. CCU is the largest brewer in Chile with an estimated market share of 88%. Through its subsidiaries, CCU also has significant market shares in the Chilean wine Chile has a long history of wine making, going back to the conquistadores who brought grape vines with them in the mid 16th Century and planted vineyards. In the mid 18th century, French varietals such as Cabernet Sauvignon and Merlot were introduced. , carbonated car·bon·ate tr.v. car·bon·at·ed, car·bon·at·ing, car·bon·ates 1. To charge (a beverage, for example) with carbon dioxide gas. 2. To burn to carbon; carbonize. 3. To change into a carbonate. soft drink, mineral water and nectars industries. In Argentina, CCU is the third largest brewer. |
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