Moody's gives Coca-Cola HBC Baa1

Moody's Investors Service said it assigned a Baa1 long-term issuer rating to Coca-Cola HBC AG. Concurrently, Moody's affirmed the ratings on its fully owned borrowing subsidiary Coca-Cola HBC Finance BV, including the Baa1 backed senior unsecured rating.

"The Baa1 rating reflects CCH's strong business profile as one of the leading bottlers in the Coca-Cola system, as well as its ongoing profit growth and positive free cash flow generation," said Ernesto Bisagno, a Moody's vice president, senior credit officer and lead analyst for Cocal-Cola HBC, in a press release.

The outlook is stable. The outlook reflects the expectation its credit metrics will improve progressively leaving the company strongly positioned in the rating category, the agency said.

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