S&P Revises Coca-Cola HBC AG Outlook to Negative, Affirms Ratings
17 Março 2022 - 3:21PM
Dow Jones News
By Josh Beckerman
S&P Global Ratings revised its outlook to negative from
stable for Coca-Cola HBC AG, whose operations include Coca-Cola
sales in Russia and Ukraine.
S&P, which affirmed the company's ratings, said Russia
represented about 15.5% of total volume in 2021.
Last week, Coca-Cola Co. said it would suspend operations in
Russia. As of Dec. 31, Coca-Cola Co. owned about 21% of Coca-Cola
HBC.
In addition to "material disruptions" resulting from the
suspension, Coca-Cola HBC faces issues including high commodity
costs, S&P said.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 17, 2022 14:06 ET (18:06 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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