New York, January 14, 2016 -- Moody's Investors Service affirmed Brown-Forman Corporation's ratings at A1/Prime-1 after it announced today that it has reached an agreement to sell its Southern Comfort and Tuaca trademarks to Sazerac (unrated) for $543.5 million. The company will book a gain of approximately $475 million on the sale. The rating outlook remains stable.

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