LONDON (Standard&Poor's) Sept. 21, 2009--Standard&Poor's Ratings Services said today that there is no immediate affect on the ratings or outlook on The Coca-Cola Co. (Coke; A+/Negative/A-1) and its system bottlers Coca-Cola Enterprises Inc. (CCE; A/Negative/A-1) and Coca-Cola Hellenic Bottling Co. S.A. (CCHBC; A/Negative/A-1) following CCHBC's announcement of a proposed €548 million capital return to its shareholders. The transaction, which is subject to shareholder and regulatory approval, will be financed through a combination of existing cash and new debt. CCHBC generated free operating cash flow of €130 million in the second quarter of 2009. Although Coke System credit measures remain somewhat below the Coke System credit rating benchmarks, we believe that reduced share repurchases at Coke, as
