Coca-Cola Femsa, S.A. de C.V.'s (BBB/Stable/--) reported that results for 2001 are in line with expectations and continue to show the company's strong business and financial fundamentals, with an EBITDA interest coverage of 15.4 times (x) and total debt to EBITDA of 0.6x. Standard&Poor's said the announcement would not affect its ratings on the Mexican-based company. Even under a difficult economic environment, Coca-Cola Femsa was able to increase its sales volume in its Buenos Aires, Argentina, territory by 6.9% during 2001, mainly as a result of volume growth of premium brands and the strong performance of value protection brands, as well as the company's past experiences in Mexico.
