Fitch ups Andina to AA(chl)

Fitch Ratings said it upgraded the national scale rating of Embotelladora Andina SA to AA (chl) from AA- (chl).

In conjunction with these rating actions, Fitch affirmed the company's A- international foreign and local currency ratings. The outlook is stable.

Fitch said the upgrade of Andina's national scale rating is due to the company's long-term commitment to a strong balance sheet.

Andina's investment-grade ratings continue to reflect the company's low business risk and the strong demand for The Coca-Cola Co.'s products within its territories, according to Fitch.

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