Fitch assigns CCEP Finance bonds BBB+

Fitch Ratings said it assigned CCEP Finance (Ireland) DAC's upcoming issue of senior unsecured notes an expected BBB+ senior unsecured rating. CCEP Finance (Ireland) is a financing entity of Coca-Cola European Partners plc

“The notes are rated in line with CCEP's long-term issuer default rating (IDR) and will benefit from a guarantee from the parent. We expect the notes to rank pari passu with debt issued by CCEP and by Coca Cola Amatil (CCA), the Australian Coca-Cola bottler that CCEP is in the process of acquiring,” Fitch said in a press release.

The outlook is stable.

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