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