AB-InBev’s bruising year
Belgium | After the share price sag, the cut in dividends and the downgrading of its credit rating by Moody’s, you cannot say that AB-InBev had a jolly good year. But it was not all their fault. The Money Men, who ganged up on AB-InBev in the past quarter and told the world’s number one brewer to pay down debt pronto by cutting dividends or else, can be real hypocrites, sometimes. I could not help thinking that their show of furrowed brows and clenched teeth had a comic book quality to it. Fact is, the Money Men would have known all along that AB-InBev had no intention to reduce its debt pile quickly.