DBRS confirms Coca-Cola

DBRS said it confirmed the issuer rating and senior unsecured debt ratings of Coca-Cola Co. at A (high).

The agency also confirmed the company’s short-term issuer rating at R-1 (low).

The trend is stable.

DBRS said the confirmations acknowledge the decline in the company’s consolidated net revenue and operating income as a result of the decision to divest significant bottling investments and focus on product innovation in addition to the company’s continued use of incremental debt to increase dividend distributions and share repurchases, despite the significant proceeds Coca-Cola received from divesting its bottling investments.

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