Moody’s Provides Color on Patron Acquisition

Bacardi has owned a minority stake in Patron Spirits since 2008, and earlier this year, the company announced it would buy the remaining part of the business, bringing it to full 100% ownership. Both Bacardi and Patron are private entities, so the details provided for the deal were fairly scant.However, a note out yesterday from credit ratings agency Moody's provides more color on the details around the acquisition and how it will affect Bacardi in the long run.A BOOST TO