...- S&P Global Ratings analyzed category specific, multi-year volume trends for Coke's global beverage portfolio and determined that, excluding the pandemic, volumes have grown, even for its regular calorie, sparkling soft drink offerings. - We now believe Coke will continue to successfully manage the risk that consumers could reduce consumption of sugary drinks, notwithstanding the portfolio's continued focus on sparkling soft drinks and to a lesser extent juices. - We affirmed all of our ratings on the global beverage company, including our 'A+' long-term and 'A-1' short-term ratings. - We reassessed our ESG Credit Indicator score to E-2, S-2, G-1 from E-2, S-3, G-1. - The stable outlook reflects our expectation for moderate profit growth over the next two years as significant global supply chain disruptions ease and very high inflation decelerates somewhat, leading to reduced price, volume, and currency volatility. We expect the company to sustain S&P Global Ratings-adjusted leverage around...
