Coca-Cola Femsa maintained robust cash flow generation and improved its financial profile in 2009 despite the difficult economic environment. We are raising our rating on Coca-Cola Femsa to 'A-' from 'BBB+' with a stable outlook. We believe that the company will continue to generate significant cash flow in the next three years, and that it will maintain its current financial profile. On Jan. 20, 2010, Standard & Poor's Ratings Services raised its ratings, including the corporate credit rating, on Coca-Cola Femsa S.A.B. de C.V. (KOF) to 'A-' from 'BBB+'. The outlook is stable. The rating upgrade is a result of KOF's ability to maintain robust cash flow generation and improve its financial profile during 2009 despite the difficult economic conditions...
Companies mentioned in this report are:
- Coca-Cola Femsa S.A.B. de C.V.
- The Coca-Cola Co.
- Fomento Economico Mexicano S. A. B. de C. V.
Action: Outlook: Stable
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
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases. SHOW LESS READ MORE >