NEW YORK (Standard&Poor's) Oct. 28, 2008--Standard&Poor's Ratings Services said today it revised its outlook on The Coca-Cola Co (Coke) to negative from stable. In addition, we revised the outlook on Coke System bottlers, Coca-Cola Enterprises Inc. (CCE) and Coca-Cola Hellenic Bottling Co. S.A. (CCHBC) to negative from stable. At the same time, we affirmed the long-term corporate credit ratings and short-term corporate credit and commercial paper ratings for these entities. We view Coke and its key bottlers, CCE and CCHBC, as a system and analytically consolidate these companies, given their strategic importance. Even though Coke has no legal obligation for the debt of these bottlers, our ratings on CCE and CCHBC are based on Coke's significant
