CHICAGO (S&P Global Ratings) March 20, 2020--S&P Global Ratings today assigned its 'A+' issue-level rating to Atlanta-based The Coca-Cola Co.'s (Coke) proposed senior unsecured notes. We expect the company will issue the notes with maturities ranging between 2025 and 2050. Coke is drawing these notes under its shelf registration dated Oct. 24, 2019. The company will use the net proceeds from the notes for general corporate purposes, including for working capital, capital expenditure, acquisitions, and debt repayment. However, Coke may initially invest the net proceeds in short-term marketable securities. The company's business strength is underpinned by its very strong position as the world's largest nonalcoholic beverage company, which is anchored by its well-known brands, good innovation and portfolio mix management,
