Bulletin: Coke System Ratings Unaffected By Proposed Acquisition Of China Huiyuan Juice Group - S&P Global Ratings’ Credit Research

Bulletin: Coke System Ratings Unaffected By Proposed Acquisition Of China Huiyuan Juice Group

Bulletin: Coke System Ratings Unaffected By Proposed Acquisition Of China Huiyuan Juice Group - S&P Global Ratings’ Credit Research
Bulletin: Coke System Ratings Unaffected By Proposed Acquisition Of China Huiyuan Juice Group
Published Sep 03, 2008
Published Sep 03, 2008
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Abstract:

NEW YORK (Standard&Poor's) Sept. 3, 2008--Standard&Poor's Ratings Services said today that its ratings on The Coca-Cola Co. (Coke; A+/Stable/A-1) and its system bottlers Coca-Cola Enterprises Inc. (CCE; A/Stable/A-1) and Coca-Cola Hellenic Bottling Co. S.A. (CCHBC; A/Stable/A-1) are not currently affected by Coke's announcement that it intends to acquire China Huiyuan Juice Group Limited--a Hong Kong listed company that owns the Huiyuan juice business, including the leading 100% juice and nectar brands in China--for an estimated $2.4 billion in cash. The transaction, subject to preconditions relating to Chinese regulatory approval, is expected to be financed with a portion of Coke's sizable cash balances. Despite this use of cash, we expect Coke to continue to maintain adequate backup

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Soft Drinks (30201030)
Sector
Global Issuers , Structured Finance
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Coke System Ratings Unaffected By Proposed Acquisition Of China Huiyuan Juice Group" Sep 03, 2008. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Coke-System-Ratings-Unaffected-By-Proposed-Acquisition-Of-China-Huiyuan-Juice-Group-669113>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Coke System Ratings Unaffected By Proposed Acquisition Of China Huiyuan Juice Group Sep 03, 2008. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Coke-System-Ratings-Unaffected-By-Proposed-Acquisition-Of-China-Huiyuan-Juice-Group-669113>
  
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