S&P affirms Coca-Cola Femsa

Standard & Poor's said it affirmed its BBB+ long-term corporate credit rating on Coca-Cola Femsa SA de CV.

The outlook is stable.

The agency said that the rating action follows the announcement that Coca-Cola Femsa and The Coca-Cola Co. intend to acquire Jugos del Valle SAB. de CV, where the ownership structure will be evenly split at 50%.

S&P added that the ratings affirmation is based on our opinion that the acquisition will allow Coca-Cola Femsa to increase its market presence in the noncarbonated beverage segment through a highly renowned Mexican brand.

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