Peru-based beverage company Grupo Atic is planning to issue $300 million senior unsecured notes to refinance its existing debt and for general corporate purposes and capital expenditures. We are assigning our 'BB' long-term corporate credit rating to the company. We're also assigning a preliminary 'BB' issue-level rating to Ajecorp's proposed senior unsecured notes. The ratings on Grupo Atic reflect our assessment of the company's "fair" business risk profile, "significant" financial risk profile, and "adequate" liquidity. The stable outlook reflects our expectation that credit measures will remain in line with the rating, despite competitive pressures over the near term. On May 7, 2012, Standard&Poor's Ratings Services assigned its 'BB' long-term corporate credit rating to Grupo Embotellador Atic S.L. (Grupo
