Mexico-based Coca-Cola Femsa's financial performance has remained solid despite volatile raw material prices and recent mergers. We are affirming our 'A-' global scale and 'mxAAA' national scale long-term corporate credit ratings on the company. The stable outlook reflects our expectations that the company will continue to generate significant cash flow and maintain its current financial profile. On May 3, 2012, Standard&Poor's Ratings Services affirmed its ratings, including the 'A-' global scale and 'mxAAA' national scale corporate credit ratings, on Coca-Cola Femsa S.A.B. de C.V. (KOF). The outlook is stable. Today's rating action is part of our regular review. The ratings affirmation reflects KOF's solid operating and financial results, in line with our expectations, despite volatile raw material costs
