The Coca-Cola Co.'s Unsecured Swiss Franc Notes Assigned 'AA' Rating - S&P Global Ratings’ Credit Research

The Coca-Cola Co.'s Unsecured Swiss Franc Notes Assigned 'AA' Rating

The Coca-Cola Co.'s Unsecured Swiss Franc Notes Assigned 'AA' Rating - S&P Global Ratings’ Credit Research
The Coca-Cola Co.'s Unsecured Swiss Franc Notes Assigned 'AA' Rating
Published Sep 22, 2015
Published Sep 22, 2015
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Abstract:

NEW YORK (Standard&Poor's) Sept. 22, 2015--Standard&Poor's Ratings Services today assigned its 'AA' issue-level rating to Atlanta, Ga.-based The Coca-Cola Co.'s (Coke's) senior unsecured Swiss Franc (CHF) notes, consisting of a CHF 200 million 0% tranche maturing 2017, a CHF 550 million tranche maturing 2022, and a CHF 575 million tranche maturing 2028. The company intends to use the net proceeds for general corporate purposes. Given Coke's ongoing bottler refranchising efforts, restructuring expenditures, and, to a lesser degree, the top-line and margin pressure from foreign currency, we believe the company's credit measures will remain at the weak end of our cash flow ratio benchmarks for the rating, including adjusted debt to EBITDA above 2x and funds from

  
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Ratings Action

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Soft Drinks (30201030)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "The Coca-Cola Co.'s Unsecured Swiss Franc Notes Assigned 'AA' Rating" Sep 22, 2015. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/The-Coca-Cola-Co-s-Unsecured-Swiss-Franc-Notes-Assigned-AA-Rating-1454251>
  
APA:
S&P Global Ratings’ Credit Research. (). The Coca-Cola Co.'s Unsecured Swiss Franc Notes Assigned 'AA' Rating Sep 22, 2015. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/The-Coca-Cola-Co-s-Unsecured-Swiss-Franc-Notes-Assigned-AA-Rating-1454251>
  
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