MEXICO CITY (S&P Global Ratings) June 1, 2016--S&P Global Ratings said today that its ratings and outlook on Coca-Cola Femsa, S.A.B. de C.V. (KOF; A-/Stable/--) are not immediately affected by the company's announcement that it, along with The Coca-Cola Co. (KO), has reached an agreement with Unilever to acquire the latter's soy-based beverage business, AdeS, for $575 million. The transaction is still subject to regulatory approvals and could be completed by the end of 2016. If the transaction occurs, we expect KOF will work jointly with KO to develop the AdeS brand in its franchise territories. Moreover, as AdeS has presence in countries where KOF doesn't operate, we expect that KO's other bottling partners could participate in this transaction through
