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Prospect News home > News index > List of issuers C > Headlines for Coca-Cola Co. > News item |
DBRS changes Coca-Cola trend to negative
DBRS said it changed the trend on the Coca Cola Co.’s issuer rating to negative from stable and confirmed the rating at A (high).
The trend change reflects DBRS’ expectations Coke’s earnings will be hurt by the pandemic and that its earnings profile will remain pressured in the near to medium term due to a weaker economy leading to reduced consumer spending, the agency said.
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