Fitch affirms Coca-Cola Icecek

Fitch Ratings said it affirmed Coca-Cola Icecek AS's long-term local currency senior unsecured and long-term local currency issuer default ratings at BBB.

The agency said that the company's long-term foreign currency senior unsecured rating and long-term foreign currency issuer default rating, which are constrained by Turkey's Country Ceiling, are affirmed at BB.

Both long-term issuer default ratings have a stable outlook, Fitch noted, stating that the rating affirmations reflect Coca-Cola Icecek's strong presence in its markets, solid operating performance and moderate financial leverage.

© 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.