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DBRS rates Coca-Cola notes A
DBRS said it assigned a rating of A (high) with a Stable trend to the Coca-Cola Company's $2.75 billion senior unsecured notes issuance.
The issue includes two-year, $1.0 billion floating rate notes, due March 14, 2014; three-year, $1.0 billion 0.75% notes, due March 13, 2015; and six-year, $750 million 1.65% notes, due March 14, 2018.
Proceeds from the offering are expected to be used to repay the company's outstanding commercial paper and for general corporate purposes.
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