OREANDA-NEWS. August 17, 2015. Fitch Ratings has affirmed and withdrawn the ratings for Ambev S.A. (Ambev). The Ratings Outlook was Stable at the time of the withdrawal.

Fitch has chosen to withdraw Ambev's ratings for commercial reasons.

KEY RATING DRIVERS
Fitch will no longer provide rating or analytical coverage of this issuer.

RATING SENSITIVITIES
No longer relevant as the ratings have been withdrawn.

FULL LIST OF RATING ACTIONS
Fitch has affirmed and withdrawn the following ratings:

Ambev S.A. (Ambev)
--Foreign currency long-term Issuer Default Rating (IDR) at 'A';
--Local currency long-term IDR at 'A';
--National scale rating at 'AAA(bra)'.

Ambev International Finance Co. Ltd.
--Unsecured notes due 2017 at 'A'.