Coca-Cola Femsa Rating Affirmed; Outlook Remains Stable
- ID: 1771134
- Standard & Poors
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Research type: News
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NEW YORK (Standard & Poor's) June 3, 2005--Standard & Poor's Ratings Services today affirmed its 'BBB' corporate credit rating on Mexico-based Coca-Cola FEMSA S.A. de C.V. (KOF). The outlook remains stable. "The ratings for KOF reflect the company's solid business position as evidenced by strong soft-drink market presence in its franchise territories in several countries throughout Latin America, its relative cash flow diversification, Coca-Cola Co.'s (KO) equity participation, and the company's strategic importance to the Coke system," said Standard & Poor's credit analyst Federico Mora. "These factors are partially offset by a highly competitive environment, KOF's intermediate financial risk profile, and country risk exposure related to its operations in Mexico and other countries in Latin America." As the largest soft-drink...
Companies mentioned in this report are: Coca-Cola Femsa, S.A.B. de C.V.,Coca-Cola Co. (The)
Action: Outlook: Stable