CHICAGO (S&P Global Ratings) Jan. 11, 2021-- The Coca-Cola Co.'s (Coke's) loss of a tax court case in late 2020 and hiring of counsel to advise the company and its board of directors over transfer pricing litigation with the IRS signals the long-standing dispute is entering its later stages. S&P Global Ratings believes a wide range of outcomes exist, some of which carry negative rating implications, and that additional information should be received over the next few months that may provide greater clarity. As a result, our issuer credit rating (A+/Negative/A-1) is not affected. Although we anticipate final resolution to this litigation may still be up to two years away after factoring in potential appeals, we believe more information may
