S&P gives AA- to Coca-Cola notes

Standard & Poor's said it assigned its AA- senior unsecured debt rating to Coca-Cola Co.'s proposed 18-month senior unsecured notes.

The actual amounts and maturity date will be finalized at the close of the transaction.

The company will issue the notes under its Rule 415 shelf registration.

Proceeds will be used to repay outstanding commercial paper or, depending on market and other conditions, to repay other outstanding debt and for general corporate purposes.

S&P said the corporate credit rating on Coca-Cola continues to reflect its assessment of the company's business risk profile as "excellent" and financial risk profile as "modest."

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