Fitch turns Coca-Cola Icecek view to positive

Fitch Ratings said it revised Coca-Cola Icecek's outlook to positive from stable, while affirming the bottler's long-term foreign- and local-currency issuer default ratings and senior unsecured long-term rating BBB-.

“The positive outlook reflects continued improvement in the company's financial profile, including materially higher operating profitability in 2020. If sustained, a strengthened financial profile would mitigate risks related to a weak operating environment in CCI's markets and inherent foreign-exchange (FX) fluctuations, which currently are the key constraints on the company's credit profile,” Fitch said in a press release.

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