This article has been republished due to an inaccurate translation of local currencies into euros for net debt and total asset figures, in Table 1. A corrected version of the article follows. Strong position as the world's number-two international tobacco company; Unrivalled geographical diversity, including significant exposure to growing markets; and Resilient positions in diverse markets, sustaining high profitability and cash flow generation. Litigation risks (most acutely in, although not limited to, the U.S.); Rising price sensitivity and market segmentation in mature markets; and Decreasing social acceptance of tobacco. The ratings on British American Tobacco PLC (BAT) are based on the group's strong position as the world's second-largest international tobacco company; high, relatively predictable cash flows; and exceptional geographical diversification.
