Spain-based beverage company Grupo Embotellador Atic has discontinued its operations in Mexico, Brazil, Venezuela, Thailand, and Indonesia because they were weakening its financial performance. Atic's decision to dispose its loss-making operations raises its annual EBITDA by more than $30 million. Although the company now maintains presence only in Peru, Central America, Ecuador, and Colombia, the corporate reorganization doesn't affect our assessment of Atic's business risk profile. We're revising our outlook on the company to stable from negative and affirming our 'B-' corporate credit and issue-level ratings on Atic. The stable outlook reflects our view that higher EBITDA stemming from the corporate reorganization will help the company improve its key credit metrics and deleverage its capital structure. On June 20, 2017,
