BALA CYNWYD, Pa., Sept. 11 /PRNewswire-FirstCall/ -- Central European Distribution Corporation CEDC today announced that Standard & Poor's Rating Services has raised its long term corporate credit rating to B+ from B with a stable outlook. Standard & Poor's stated that the upgrade "reflects the improved profitability of CEDC's operations and the consolidation of the company's position as a distributor in its domestic market". In May 2007 the Company received a similar upgrade from Moody's, which upgraded the Company's corporate family rating to B1 from B2.

Mr. William Carey, CEO and President, commented, "We are pleased to see that both major rating agencies have recognized our efforts in strengthening the profitability and cash flow generation of our business."

CEDC is the largest vodka producer in Poland and produces the Absolwent, Zubrowka, Bols and Soplica brands, among others. CEDC currently exports Zubrowka to many markets around the world. CEDC also produces and distributes Royal Vodka, the number one selling vodka in Hungary.

CEDC also is the leading distributor and the leading importer of alcoholic beverages in Poland and Hungary. In Poland, CEDC operates 16 distribution centers and 76 satellite branches and imports many of the world's leading brands, including brands such as Remy Martin, Jagermeister, Metaxa, Jim Beam, Sauza Tequila, Grant's, E&J Gallo, Sutter Home, Torres, Penfolds and Concha y Toro wines, Corona, Foster's, and Guinness Stout beers and Evian.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of CEDC to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. CEDC undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise unless required to do so by the securities laws. Investors are referred to the full discussion of risks and uncertainties included in CEDC's Form 10-K for the fiscal year ended December 31, 2006, and in other documents filed by CEDC with the Securities and Exchange Commission.

    Contact:
    James Archbold
    Director of Investor Relations
    Central European Distribution Corporation
    610-660-7817

Source: Central European Distribution Corporation