Coca-Cola Femsa continues to show solid financial performance and strong liquidity. We are affirming our 'A-' long-term corporate credit and senior unsecured debt ratings on KOF. The outlook is stable. We believe that the company will continue to generate significant cash flow and maintain its financial profile. On March 25, 2011, Standard&Poor's Ratings Services affirmed its 'A-' long-term corporate credit rating and 'A-' senior unsecured debt rating on Coca-Cola Femsa S.A.B. de C.V. (KOF). The outlook is stable. The rating actions complete our review of all aspects of KOF's credit, triggered by a change in our analysis of the Coke system. Our senior unsecured debt rating on KOF is at the same level as the corporate credit rating,
