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Fitch Has Affirmed Coca Cola İçecek’s Rating

Press Release Aug 14, 2018

Fitch Ratings has affirmed Coca-Cola İçecek A.Ş.’s (CCI) Long-Term Foreign Currency IDR and Senior Unsecured Long-Term rating at ‘BBB-’, with “negative” outlook. The Long-Term Local-Currency IDR was affirmed at ‘BBB’ with a stable outlook.

Based on Fitch’s assesment, the affirmation reflects CCI’s leading market position and the resilient nature of its soft drinks business, as well as improved cash flow generation over 2016-17, a large and growing portion of overseas operations and conservative cash management.

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