Fitch revises Central America Bottling

Fitch Ratings said it changed the outlook to stable from negative and affirmed the Central America Bottling Corp.’s long-term foreign-currency and local-currency issuer default ratings and senior unsecured notes at BB+.

“The rating outlook revision reflects a recovery of CBC operating performance in 2021-2022 that is expected to lead to gradual improvement in its leverage metrics. Better economic conditions in the company’s main markets and the expectation of a gradual easing of social restrictions and lockdowns stemming from the coronavirus pandemic should support its results,” the agency said in a press release.

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