S&P rates Coke’s notes A+

S&P said it assigned an A+ issue-level rating to Coca-Cola Co.'s proposed senior unsecured notes due in 2024 and 2029.

Proceeds will be used for general corporate purposes, including repaying debt.

“The company's business strength is underpinned by its very strong position as the world's largest nonalcoholic beverage company, anchored by well-known brands, good innovation and portfolio mix management, and above-average EBITDA margins,” said S&P in a news release.

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