S&P's Embotelladora Andina ratings unaffected

Standard & Poor's said its ratings on Chile-based Embotelladora Andina SA (BBB+/stable) are not immediately affected by the company's announcement that its board of directors agreed to propose about $105 million of additional dividends at the April shareholder meeting. This adds to a proposed final dividend with charge to 2005's results of an equivalent of about $10 million.

These dividend payments are consistent with Andina's strong cash generation in 2005, the agency said.

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