DBRS Rates Coca-Cola’s $2.25 Billion Senior Unsecured Notes Issue at AA (low) with Stable Trend
ConsumersDBRS has today assigned a rating of AA (low) with a Stable trend to The Coca-Cola Company’s $2.25 billion senior unsecured notes, issued in two tranches as follows:
(1) $900 million 3.625% notes due March 15, 2014.
(2) $1.35 billion 4.875% notes due March 15, 2019.
The proceeds will be used to refinance outstanding commercial paper and for general corporate purposes.
Notes:
All figures are in U.S. dollars unless otherwise noted.
The applicable methodology is Rating Consumer Products, which can be found on our website under Methodologies.
This is a Corporate rating.