The leading market position in the global soft drink industry; Broad international diversification; An expanding product portfolio; and Strong financial condition and cash flow. Weak macroeconomic conditions within many of its bottlers' key markets; and Exposure to volatile commodity costs and foreign currency exchange rates. Our ratings on Atlanta, Ga.-based The Coca-Cola Co. (Coke) continue to reflect its position as the world's largest manufacturer of nonalcoholic beverage concentrates and syrups, as well as its geographic diversification, which we believe will continue to translate into strong profitability and cash flow. Strong brand awareness continues to contribute to Coke's roughly 42% leading share in the mature U.S. carbonated soft drink (CSD) market and an estimated worldwide CSD market share of 50% (according
