Bulletin: Coca-Cola Femsa S.A.B. de C.V. Credit Quality Intact After Cyberattack - S&P Global Ratings’ Credit Research

Bulletin: Coca-Cola Femsa S.A.B. de C.V. Credit Quality Intact After Cyberattack

Bulletin: Coca-Cola Femsa S.A.B. de C.V. Credit Quality Intact After Cyberattack - S&P Global Ratings’ Credit Research
Bulletin: Coca-Cola Femsa S.A.B. de C.V. Credit Quality Intact After Cyberattack
Published Apr 27, 2023
2 pages (1139 words) — Published Apr 27, 2023
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Abstract:

MEXICO CITY (S&P Global Ratings) April 27, 2023--S&P Global Ratings today said that Coca-Cola Femsa S.A.B. de C.V. (KOF; global scale: A-/Stable/--; national scale: mxAAA/Stable/--) is unlikely to see a material impact on its creditworthiness due to the recent cyberattack it reported on April 26, 2023. KOF said that it identified the cyberattack in a timely manner and has implemented its internal protocols to resolve the incident as soon as possible. At all times, the company remained and continues to remain in full control of all its IT applications. The cyberattack did not fully breach its security systems, but breached some of its safeguard layers. We also understand that the cyberattack did not disrupt the company's operations and we believe

  
Brief Excerpt:

...April 27, 2023 MEXICO CITY (S&P Global Ratings) April 27, 2023--S&P Global Ratings today said that Coca-Cola Femsa S.A.B. de C.V. (KOF; global scale: A-/Stable/--; national scale: mxAAA/Stable/--) is unlikely to see a material impact on its creditworthiness due to the recent cyberattack it reported on April 26, 2023. KOF said that it identified the cyberattack in a timely manner and has implemented its internal protocols to resolve the incident as soon as possible. At all times, the company remained and continues to remain in full control of all its IT applications. The cyberattack did not fully breach its security systems, but breached some of its safeguard layers. We also understand that the cyberattack did not disrupt the company's operations and we believe the incident will not result in a material reputational risk for the company. The company will continue to operate without disruption while internal investigations are underway and KOF works with external advisers to avoid impacts...

  
Report Type:

Bulletin

Ticker
KOFL@MM
Issuer
GICS
Soft Drinks (30201030)
Sector
Global Issuers
Country
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Coca-Cola Femsa S.A.B. de C.V. Credit Quality Intact After Cyberattack" Apr 27, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Coca-Cola-Femsa-S-A-B-de-C-V-Credit-Quality-Intact-After-Cyberattack-2979810>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Coca-Cola Femsa S.A.B. de C.V. Credit Quality Intact After Cyberattack Apr 27, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Coca-Cola-Femsa-S-A-B-de-C-V-Credit-Quality-Intact-After-Cyberattack-2979810>
  
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