NIKOIL has cut its rating on SUN Interbrew. The brokerage said today (17 September) that it had lowered its rating on the brewer to "reduce", citing the firm's strong valuation.

NIKOIL previously rated SUN Interbrew's 'A' shares a "speculative buy" and its voting or 'B' shares "hold".

SUN Interbrew yesterday posted very strong figures for both the second quarter and the first half of this year.