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Corporate BondsHigh grade and crossover bonds

Diageo warned on credit metrics despite debt-free Aviation buy

Diageo, the UK distiller and brewer, has agreed to buy Aviation American Gin from Ryan Reynolds, the Deadpool actor. Despite the deal size being small by Diageo's standards and the company not taking on debt for the purchase, the buyer has had a warning shot across its bows over the impact on its credit quality.

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