Fitch Lowers Andina

Fitch Lowers Andina

Chile Corporate & Sovereign Strategy

Fitch has downgraded Chile's Embotelladora Andina to A minus, from A, it says, following the bottler's September Brazilian acquisition. The BRL1.2bn ($510m) acquisition of Companhia de Bebidas Ipiranga increases Andina's net leverage to 2.0x, up from

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