Fitch rates Coca-Cola notes A+

Fitch Ratings said it assigned an A+ rating to the Coca-Cola Co.’s multi-tranche issuance of euro senior notes, including €2 billion floating-rate notes due 2017, €2 billion floating-rate notes due 2019, €1.5 billion 0.75% senior notes due 2023, €1.5 billion 1.125% senior notes due 2027 and €1.5 billion 1.625% senior notes due 2035.

The outlook is negative.

The notes will be issued by Coca-Cola and will rank equally with the company’s senior unsecured obligations, Fitch said.

The proceeds will be used to fund the repayment or redemption of the company’s 5.350% notes due 2017, 4.875% notes due 2019 and 0.750% notes due March 13, 2015.

Coca-Cola may also use a portion of the proceeds for general corporate purposes, which may include working capital, capital expenditures and acquisitions or investments, the agency said.

The ratings are supported by the company’s position as the world’s largest global beverage company and the value of the Coca-Cola brand, Fitch said.

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