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Research Update: Coca-Cola Femsa, S.A. de C.V.
Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
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On Dec. 23, 2002, Standard & Poor's Ratings Services affirmed its 'BBB' corporate credit rating on Mexico-based Coca-Cola FEMSA S.A. de C.V. (KOF) after the announcement of its intention to acquire Panama-based Panamerican Beverages Inc. (Panamco). The outlook is stable. The affirmation of the ratings on KOF is based on Standard & Poor's opinion that the combination of the two bottlers will create the largest and most important bottler of Coca-Cola products in Latin America, and the second-largest bottler of the global Coca-Cola system. KOF's business profile will strengthen further, with Coca-Cola Co. as a more important partner, allowing for a relatively rapid improvement of financial measures in the medium term. Although the planned debt increase to finance the acquisition...
Companies mentioned in this report are: Coca-Cola Femsa, S.A.B. de C.V.
Coca-Cola Femsa, S.A.B. de C.V.