Mexico-based Coca-Cola Femsa is planning to acquire 51% of Coca-Cola Bottlers Philippines Inc. We are affirming our 'A-' global scale and 'mxAAA' national scale long-term corporate credit and debt ratings on the company. The stable outlook reflects our expectation that the company will keep generating robust cash flow and preserve its strong key credit metrics and liquidity during the next two years. On Dec. 18, 2012, Standard&Poor's Ratings Services affirmed its ratings on Coca-Cola Femsa S.A.B. de C.V. (KOF), including the 'A-' global scale and 'mxAAA' national scale corporate credit ratings. The outlook is stable. On Dec. 13, 2012, KOF announced that it signed a definitive agreement with The Coca-Cola Co. (TCCC; AA-/Stable/A-1+) to acquire 51% of Coca-Cola
