S&P affirms Coca-Cola

Standard & Poor's said it affirmed Coca-Cola Co.'s A+ long-term and A-1 short-term corporate credit ratings and its A-1 short-term corporate credit and commercial paper ratings.

The outlook is stable.

"Our ratings on Coke continue to reflect its position as the world's largest manufacturer of nonalcoholic beverage concentrates and syrups, as well as its geographic diversification, which translates into strong profitability and cash flow," S&P analyst Jean C. Stout said in a statement.

Strong brand awareness has contributed to Coke's roughly 42% leading share in the mature U.S. carbonated soft drink market and an estimated worldwide market share of 50%, according to the agency.

The company's excellent business profile is supported by 13-billion dollar brands, including the Coca-Cola brand, the agency noted.

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