DBRS Rates Coca-Cola’s $2.75 Billion Senior Unsecured Notes Issue at A (high) with Stable Trend

DBRS has today assigned a rating of A (high) with a Stable trend to the Coca-Cola Company’s (Coke or the Company) $2.75 billion senior unsecured notes (the Notes) issuance, which includes:

(1) Two-year, $1.0 billion floating rate notes, due March 14, 2014;

(2) Three-year, $1.0 billion 0.75% notes, due March 13, 2015; and

(3) Six-year, $750 million 1.65% notes, due March 14, 2018.

The Notes will be senior unsecured obligations ranking pari passu with Coke’s other senior unsecured indebtedness. Proceeds from the offering are expected to be used to repay the Company’s outstanding commercial paper and for general corporate purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating the Consumer Products Industry, which can be found on our website under Methodologies.