Coca-Cola FEMSA's Moody's Rating Adjusted to Baa1 from A3

Coca-Cola FEMSA announced that Moody's Ratings adjusted its rating to Baa1 from A3, and its outlook from Stable to Negative. This change aligns with the downgrade of the Government of Mexico's rating to Baa3 from Baa2. Despite the downgrade, Moody's noted Coca-Cola FEMSA's strong credit metrics, ample liquidity, limited reliance on the local banking system, and cash generation outside Mexico, allowing it to be rated two notches above the sovereign.