Fitch rates AC Bebidas debt AAA(mex)

Fitch Ratings said it assigned initial long-term foreign- and local-currency issuer default ratings of A to AC Bebidas, S. de RL de CV.

The agency also said it assigned an initial AAA(mex) national scale long-term rating to the company and to its proposed local certificados bursatiles issuances for up to Ps. 7 billion.

The outlook is stable.

The ratings reflect the solid business position of its beverage business as one of the largest bottlers of Coca-Cola products in the world with geographical diversified operations in Latin America and Southwestern of the United States, Fitch said, combined with a solid financial position.

The ratings also consider the strong legal and operational ties with its parent company, Arca Continental, SAB de CV, which holds an 80% of its equity stake, the agency said.

The ratings also take into account the company's strategic relationship with the Coca-Cola Co., which owns the remaining 20%, the agency said.

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