- Language: English
- 784 Pages
- Published: October 2011
- Region: World
Panamerican Beverages Rating Raised,Off Watch on Acquisition by Coca-Cola Femsa;Outlook Stable
- 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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
MEXICO CITY (Standard & Poor's) May 9, 2003-Standard & Poor's Ratings Services said today it raised its corporate credit and senior unsecured ratings on Panama-based Panamerican Beverages Inc. (Panamco) to 'BBB' from 'BBB-', and removed the ratings from CreditWatch where they were placed on Dec. 23, 2002. The action is based on the recent announcement made by Mexico-based Coca-Cola Femsa S.A. de C.V. (KOF, BBB/Stable/--) that it had completed the acquisition of Panamco. As part of the transaction and of the integration of Panamco's operations, KOF has already started with the refinancing of Panamco's debt due in 2003 and will assume all other debt due afterwards. Panamco had $1,028.7 million in debt as of March 31, 2003. The outlook is...
Companies mentioned in this report are: Panamerican Beverages, Inc.,Coca-Cola Co. (The),Coca-Cola Femsa, S.A.B. de C.V.
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Panamerican Beverages, Inc.,Coca-Cola Co. (The),Coca-Cola Femsa, S.A.B. de C.V.
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