S&P lowers CCHBC

Standard & Poor's said it lowered the rating on senior unsecured debt issued by Coca-Cola Hellenic Bottling Co. SA to A- from A.

The outlook is stable.

The agency said it removed the rating from CreditWatch, where it was placed with negative implications on July 7, when the agency changed its analysis of Coca-Cola Co. (A+/stable/A-1).

"The rating actions complete our review of all aspects of CCHBC's credit ratings," S&P analyst Anna Overton said in a statement.

"This review was triggered by a change in our analysis of Coke, Coca-Cola Enterprises, Inc. fka International CCE Inc., and CCHBC as one system in favor of a standard standalone approach that we take for all the other major Coke bottlers that we rate worldwide."

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