Coca-Cola Femsa S.A.B. de C.V.'s (KOF's) operating and financial results have remained in line with expectations despite the sluggish economies of several countries in Latin America. We are affirming our 'A-' global scale corporate credit and issue credit ratings on KOF. We also affirmed our 'mxAAA' national scale long-term corporate credit and issue-level ratings. The outlook remains stable. The stable outlook reflects our expectation that KOF's credit metrics will continue to strengthen in the next two years, reflecting the company's focus on debt reduction, operating efficiencies, and profitability. On April 20, 2016, Standard&Poor's Ratings Services affirmed its 'A-' global scale corporate credit and issue credit ratings on Coca-Cola Femsa S.A.B. de C.V. (KOF). We also affirmed our 'mxAAA'
