Fitch cuts Atic to negative

Fitch Ratings said it has affirmed the BB+ foreign and local currency issuer default ratings of Grupo Embotellador Atic SA and revised the outlook to negative from stable.

In conjunction with this rating action, Fitch said it has affirmed the BB+ rating of Ajecorp BV's $450 million of notes due 2022.

The agency said that the negative outlook reflects increased loans to sister companies, while market conditions remain difficult in key markets such as Peru, Colombia, Mexico and Thailand.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.