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Bulletin: Coca-Cola Amatil Ltd. Ratings Unchanged After Solid First Half Aug 07
Standard & Poors, Aug 2007
Abstract
MELBOURNE (Standard & Poor's) Aug. 13, 2007-Standard & Poor's Ratings Services said today that its 'A-/A-2' ratings and stable outlook on Coca-Cola Amatil Ltd. (CCA) are unchanged following the release of CCA's financial results for the first half of 2007 and the recent announcement of a non-binding agreement with LG Household & Health Care for the sale of CCA's South Korean operation. In line with Standard & Poor's expectations, CCA posted improved results in the first half of 2007. Notwithstanding the increasing cost pressures being felt by the company, CCA delivered a net profit after tax of A$161 million (before significant items) in the first half of 2007, up 11% over the first half of 2006. This was due to...
Companies mentioned in this report are: Coca-Cola Amatil Ltd.
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.
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