DBRS Rates Coca-Cola’s $1.0 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) $1 billion floating-rate senior unsecured notes (the Notes) issuance.

The Notes mature on September 1, 2015, and will be senior unsecured obligations ranking pari passu with Coke’s other senior unsecured indebtedness. Net 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 Consumer Products, which can be found on our website under Methodologies.