S&P: Altria Group Inc.'s Senior Unsecured Notes Assigned 'A-' Rating
All of our existing ratings on the company, including our 'A-' corporate credit rating, are unchanged. The outlook is stable.
Our ratings on Altria reflect its solid positions across the U. S. tobacco industry; its very high EBITDA margin of around 50%; and its solid and predictable free cash flow generation of over $5 billion. We expect the company's solid management team will continue to successfully manage the long term regulatory and litigation risks inherent in its business.
For the complete corporate credit rational, please see the research update on Altria Group Inc. published March 30, 2016, on Global Credit Portal.