MEXICO CITY (S&P Global Ratings) Jan. 9, 2020--S&P Global Ratings said today that Coca-Cola Femsa, S.A.B. de C.V.'s (KOF; global scale: A-/Negative/--; national scale: mxAAA/Stable/--) recent $1.25 billion notes issuance improves its capital structure by extending its debt maturity profile and taking advantage of currently low interest rates environment. The notes were issued at KOF level on a senior unsecured basis and are guaranteed by the same subsidiaries that guarantee the company's existing senior unsecured notes. Therefore, the new notes rank pari passu in right of order and payment with KOF's existing senior unsecured notes. KOF will use the proceeds of the issuance to refinance $900 million of debt related to its Yankee notes due 2023, while it will use
