|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Coca-Cola Hellenic Bottling Ratings Unaffected By Downgrade Of Greece
Standard & Poors, May 2011
Abstract
LONDON (Standard & Poor's) May 11, 2011--Standard & Poor's Ratings Services said today that its ratings on Greece-based Coca-Cola Hellenic Bottling Co. S.A. (CCH; A/Stable/A-1) are unaffected by the downgrade of Greece on May 9, 2011. We base our view on the fact that CCH's exposure to Greece is less than 10% of revenues and EBITDA as per the company's 2010 audited accounts. We further understand that, despite being headquartered in Greece, CCH is well-diversified and has a balanced portfolio in terms of its geographic spread. For the three months ended April 1, 2011, 43.9% of net sales derived from established markets, followed by 39.5% from emerging markets, and 16.6% from developing markets. Under our criteria, we do not apply...
Companies mentioned in this report are: Coca-Cola Hellenic Bottling Co. S.A.
Action: Bulletin
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.
|
|
|
|
