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Coca-Cola Femsa Rating Affirmed; Outlook Remains 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.
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
Coca-Cola Femsa, S.A.B. de C.V.,Coca-Cola Co. (The)