Coca-Cola Femsa maintained robust cash flow generation and improved its financial profile in 2009 despite the difficult economic environment. We are raising our rating on Coca-Cola Femsa to 'A-' from 'BBB+' with a stable outlook. We believe that the company will continue to generate significant cash flow in the next three years, and that it will maintain its current financial profile. On Jan. 20, 2010, Standard&Poor's Ratings Services raised its ratings, including the corporate credit rating, on Coca-Cola Femsa S.A.B. de C.V. (KOF) to 'A-' from 'BBB+'. The outlook is stable. The rating upgrade is a result of KOF's ability to maintain robust cash flow generation and improve its financial profile during 2009 despite the difficult economic conditions
