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Summary: Coca-Cola Femsa S.A.B. 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on Coca-Cola Femsa S.A.B. de C.V. (KOF) reflect the company's satisfactory business profile, The Coca-Cola Co.'s (KO; A+/Stable/A-1) implicit support through its 31.6% stake in KOF, and the strategic position that KOF holds in the Coke system in Latin America. In addition, the ratings incorporate the company's debt reduction after acquiring Panamerican Beverages Inc. in May 2003. The ratings also reflect Standard & Poor's Ratings Services' expectation that KOF will maintain its strong financial profile through robust cash flow generation in its core markets. These factors are offset partially by a highly competitive environment, market volatility, and foreign currency exposure related to its dollar-denominated debt, which represented about 41% of total debt outstanding as of March 31, 2008....
Companies mentioned in this report are: Coca-Cola Femsa, S.A.B. de C.V.,Coca-Cola Co. (The)
Coca-Cola Femsa, S.A.B. de C.V.,Coca-Cola Co. (The)