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BWE |
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The agreement expands Beam Wine Estates' (BWE) role in the global, super-premium wine category and gives BWE entry into high-growth, prestigious categories, such as Marlborough, the Barossa Valley, Clare Valley and McLaren Vale. Data on trends are somewhat limited for the PASS, IRWE, and BWE work incentive provisions because statistics were not kept regularly on these activities before March 1990. Fitch's affirmation largely reflects the support BWE is afforded from being owned by the highly rated BNP Paribas (rated 'AA/F1+' by Fitch), as well as the company maintaining a sound financial profile while integrating several sizeable acquisitions. |
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