Fitch Ratings affirms Australia-based Coca-Cola Amatil's Long-Term Issuer Default Rating and senior unsecured rating at 'BBB+', Short-Term IDR at 'F2'; company given stable outlook

Nevin Barich

Nevin Barich

Nov 8, 2011 – Industry Intelligence

LOS ANGELES , November 8, 2011 () – Fitch Ratings has affirmed Australia-based Coca-Cola Amatil Limited's (CCA) Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+', and Short-Term IDR at 'F2', giving the company a stable outlook, Reuters reported Nov. 6.

Fitch said that CCA’s ratings are supported by its strong and stable trading cash flows derived from a mature Australian and a strong portfolio of brands. The ratings also incorporate implied support from The Coca-Cola Company, CCA's major shareholder.

Vicky Melbourne, head of Industrials for southeast Asia and Australasia at Fitch Ratings, said CCA’s strong cash flows are due to the company's leading competitive position in the Australian non-alcoholic beverage sector and its well-positioned brand portfolio.

The primary source of this article is Reuters, London, England, on Nov. 6, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.