Fitch affirms Coca-Cola

Fitch Ratings said it affirmed the issuer default ratings and debt ratings of Coca-Cola Co. and its subsidiaries at A/F1.

The outlook is stable.

“Coca-Cola's significant scale, geographic reach, distribution and brand strength as the world's largest beverage company strongly positions the company competitively relative to its peers,” the agency said in a news release.

Fitch also noted that Coca-Cola has higher exposure to carbonated soft drinks at about 69% of its beverage portfolio versus PepsiCo (A/stable), which has better overall product diversification with more than half of its $65 billion in annual net revenue derived from snacks and carbonated soft drinks that comprise less than 25% of total revenue.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.