Coca-Cola Femsa 'A-' Ratings Remain Unchanged Following The $350 Million Add-On - S&P Global Ratings’ Credit Research

Coca-Cola Femsa 'A-' Ratings Remain Unchanged Following The $350 Million Add-On

Coca-Cola Femsa 'A-' Ratings Remain Unchanged Following The $350 Million Add-On - S&P Global Ratings’ Credit Research
Coca-Cola Femsa 'A-' Ratings Remain Unchanged Following The $350 Million Add-On
Published Jan 13, 2014
Published Jan 13, 2014
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Abstract:

MEXICO CITY (Standard&Poor's) Jan. 13, 2014--Standard&Poor's Ratings Services said today that its 'A-' corporate credit and issue level ratings on Mexico-based beverage company Coca-Cola Femsa S.A.B. de C.V. (KOF) remain unchanged following the $350 million add-on to its existing $2.15 billion senior unsecured notes. The company originally issued the notes in three tranches: $1.0 billion five-year senior notes with a coupon of 2.375%; $750 million 10-year senior notes with a coupon of 3.875%; and $400 million 30-year bonds with a coupon of 5.250%. The company will increase its 2023 and 2043 senior notes tranches by $150 million and $200 million, respectively. We don't expect the add-on to increase KOF's leverage as it will use the proceeds

  
Report Type:

Ratings Action

Ticker
KOFL@MM
Issuer
GICS
Soft Drinks (30201030)
Sector
Global Issuers
Country
Region
United States
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MLA:
S&P Global Ratings’ Credit Research. "Coca-Cola Femsa 'A-' Ratings Remain Unchanged Following The $350 Million Add-On" Jan 13, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Coca-Cola-Femsa-A-Ratings-Remain-Unchanged-Following-The-350-Million-Add-On-1240626>
  
APA:
S&P Global Ratings’ Credit Research. (). Coca-Cola Femsa 'A-' Ratings Remain Unchanged Following The $350 Million Add-On Jan 13, 2014. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Coca-Cola-Femsa-A-Ratings-Remain-Unchanged-Following-The-350-Million-Add-On-1240626>
  
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