Fitch ups Andina

Fitch Ratings said it upgraded the following ratings of Embotelladora Andina SA: foreign currency issuer default rating to A from A-, local currency issuer default rating to A from A-, national-scale issuer default rating to AA+ (Chl) from AA (chl), Yankee bonds due 2027 to A from A- and series A and B peso-denominated local bonds to AA+ (Chl) from AA (Chl).

The outlook is stable.

Fitch said that the upgrade of Andina's credit ratings reflects its continued strong business position and financial profile.

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