During the first half of 2014, KOF's operating and financial performance have remained in line with our expectations amid the challenging economic environment in several countries where the Mexico-based beverage company operates, coupled with the tax reform implementation in Mexico. We are affirming our 'A-' ratings on KOF. The stable outlook reflects our expectation that the company will continue generating robust free operating cash flow, maintaining its key credit metrics in line with our current assessment of its financial risk profile and its strong liquidity. MEXICO CITY (Standard&Poor's) Aug. 8, 2014--Standard&Poor's Ratings Services affirmed its 'A-' corporate credit and debt ratings on Coca-Cola Femsa S.A.B. de C.V. (KOF). The outlook remains stable. "The rating affirmation reflects
