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Moody's assigns Coke bonds A1
Moody's Investors Service said it assigned A1 ratings to new senior unsecured euro and dollar notes in multiple tranches, being offered by the Coca-Cola Co. Coca-Cola's other ratings including the A1 senior unsecured remain unchanged.
The proceeds will be used for general corporate purposes including repaying debt.
“The offerings are credit positive because they will improve liquidity by extending maturities without materially affecting cash interest costs and free cash flow,” Moody’s said in a press release.
The outlook is stable.
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