|Bid||64.84 x 800|
|Ask||65.28 x 900|
|Day's Range||63.62 - 64.60|
|52 Week Range||37.93 - 72.41|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||92.10|
|Forward Dividend & Yield||1.45 (2.23%)|
|Ex-Dividend Date||Jun 09, 2020|
|1y Target Est||N/A|
Rating Action: Moody's assigns Baa1 to Asahi Group's EUR bonds; outlook stableGlobal Credit Research - 13 Apr 2021Total amount of bonds is EUR 1.4 billionTokyo, April 13, 2021 -- Moody's Japan K.K. has assigned a Baa1 senior unsecured ratings to the EUR bonds issued by Asahi Group Holdings, Ltd.The rating outlook is stable.The specific bond issuances are:EUR800 million bonds due 2024EUR600 million bonds due 2027RATINGS RATIONALEAsahi's Baa1 senior unsecured ratings reflect the company's strong business position as the largest brewer in Japan (A1 stable), with well-recognized brands and a diversified portfolio that generates stable free cash flow (FCF). The acquisition of Anheuser-Busch InBev SA/NV's (ABI, Baa1 stable) Australian beer business (Carlton & United Breweries [CUB]) improves Asahi's margin despite the weak demand caused by the coronavirus pandemic in 2020 and diversifies its exposure overseas.The company's EBITA margin will increase following the acquisition and recover to a level comparable with its peers in the high teens.
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