Fitch affirms Coca-Cola Femsa

Fitch Ratings said it affirmed the BBB+ foreign and local currency ratings of Coca-Cola Femsa SA de CV. Fitch also affirmed Femsa's AAA(mex) national scale rating for its peso-denominated debt. The outlook is stable.

Fitch said the affirmation of Femsa's international and national scale ratings takes into consideration debt refinancing and repayment consistent with expectations.

The investment-grade credit ratings continue to reflect concern about increased competition by small bottlers in the company's principal market, Mexico, according to Fitch.

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