Fitch Releases Credit Analysis of Coca-Cola Embonor S.A. - Embonor.Business Editors CHICAGO--(BUSINESS WIRE)--Jan. 27, 2004 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has released a complete Credit Analysis of Coca-Cola Coca-Cola soft drink found throughout the world. [Trademarks:Crowley Trade, 115] See : Ubiquity Embonor S.A. (Embonor). This report covers the rating rationale rationale (rash´  nal´),n the fundamental reasons used as the basis for a decision or action. for Fitch's 'BBB-' rating of Embonor's senior unsecured Unsecured A loan or equity interest that is given without any guarantee of payment, performance, satisfaction or opportunity for return from the recipient. No property, interest or security is used as collateral in either a guarantee or a pledge. foreign and local currency debt. Other sections of the report include an analysis of the company's financial performance in 2003, a discussion of the recent decision by the company to sell its Peruvian division and a comprehensive review of the company's Chilean and Bolivian business divisions. Embonor is The Coca-Cola Company's largest bottler in Peru and its second largest bottler in Chile. The Coca-Cola Company is the largest shareholder of Embonor, with a 45.5% ownership stake in the company. |
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