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Research Update: Coca-Cola Femsa S.A. De C.V. Upgraded To 'BBB+', Removed From CreditWatch; 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.
Product Type: Research Update
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On March 28, 2006, Standard & Poor's Ratings Services raised its long-term corporate credit rating on Mexico-based Coca-Cola FEMSA S.A. de C.V. (KOF) to 'BBB+' from 'BBB' and removed it from CreditWatch Positive where it was placed on March 22, 2006. Standard & Poor's also raised the long-term national scale corporate credit rating assigned to KOF to 'mxAAA' from 'mxAA+'. The outlook is stable. The rating action reflects KOF's strong business fundamentals, as well as the company's positive deleveraging three years after acquiring Panamerican Beverages Inc. In addition, the upgrade reflects our expectations that the company will continue to improve its financial profile through robust cash-flow generation in its core markets and an adequately designed debt repayment program. In our...
Companies mentioned in this report are: Coca-Cola Femsa, S.A.B. de C.V.,Coca-Cola Co. (The)
Action: Outlook: Stable
Action: Removed From CreditWatch
Coca-Cola Femsa, S.A.B. de C.V.,Coca-Cola Co. (The)