Moody's may up Coca-Cola Femsa

Moody's Investors Service said it placed the Baa2 long term debt ratings of Coca-Cola Femsa SA de CV on review for possible upgrade following the company's release of its fourth-quarter and full-year 2004 financial statements.

On review are Coca-Cola Femsa's Baa2 rated $200 million 8.95% senior unsecured notes at Baa2 and Corporación Interamericana de Bebidas SA de CV's $ 300 million 7¼% senior guaranteed notes at Baa2.

Moody's said its review will consider the improvements that the company has made in its capital structure since the time of the Panamco acquisition, including debt reduction and extension of its maturity schedule.

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