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Fitch rates Coca-Cola Icecek bond BBB(EXP)
Fitch Ratings said it assigned Coca-Cola Icecek AS' planned bond issue an expected senior unsecured rating of BBB(EXP).
The rating is aligned with Coca-Cola Icecek's long-term issuer default rating.
The planned dollar-denominated bond will be raised by the holding company Coca-Cola Icecek AS.
Similar to the $300 million private placement it issued earlier this year, it will not benefit from guarantees from the company's subsidiaries and will rank as a senior unsecured obligation pari passu with its other financial debt.
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