Coca-Cola's New Senior Notes Are Rated 'A+' - S&P Global Ratings’ Credit Research

Coca-Cola's New Senior Notes Are Rated 'A+'

Coca-Cola's New Senior Notes Are Rated 'A+' - S&P Global Ratings’ Credit Research
Coca-Cola's New Senior Notes Are Rated 'A+'
Published Mar 03, 2009
Published Mar 03, 2009
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Abstract:

NEW YORK (Standard&Poor's) March 3, 2009--Standard&Poor's Ratings Services said today that it assigned its 'A+' senior unsecured debt rating to The Coca-Cola Co.'s (Coke) $900 million senior notes due 2014 and $1.35 billion senior notes due 2019. The company issued the notes under its Rule 415 shelf registration. "We expect that Atlanta, Ga.-based Coke will use the net proceeds from these debt issuances to repay commercial paper and for general corporate purposes," said Standard&Poor's credit analyst Jean C. Stout. The 'A+' corporate credit rating on Coke reflects the company's position as the world's largest manufacturer of nonalcoholic beverage concentrates and syrups, as well as its geographic diversification, which has historically translated into strong profitability

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Soft Drinks (30201030)
Sector
Consumer Products , Corporations , Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Coca-Cola's New Senior Notes Are Rated 'A+'" Mar 03, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Coca-Cola-s-New-Senior-Notes-Are-Rated-A-706454>
  
APA:
S&P Global Ratings’ Credit Research. (). Coca-Cola's New Senior Notes Are Rated 'A+' Mar 03, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Coca-Cola-s-New-Senior-Notes-Are-Rated-A-706454>
  
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