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Fitch changes Embotellador Atic view
Fitch Ratings said it affirmed Grupo Embotellador Atic SA's issuer default ratings at B- and Ajecorp BV's senior unsecured notes at B-/RR4.
The outlook was revised to positive from stable.
The agency said the revision to positive reflects Atic's progress in its restructuring of noncore assets and the expectation gross leverage will be below 4 times by fiscal year-end 2019.
Fitch said it positively views Atic's restructuring program, which consists of developing new product categories, reducing corporate costs and divesting non-core assets.
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