KOF Debt Worries Analysts

KOF Debt Worries Analysts

Mexico Corporate & Sovereign Strategy

Moody’s has placed a negative outlook on Coca-Cola Femsa’s (KOF) A2 rating, it says, due to the additional debt the Mexican bottler is taking on to fund its most recent Brazilian acquisition. KOF is incurring $2bn of additional debt in order to fund the acquisition of Brazilian bottler Spaipa Industria Brasileira de Bebidas the agency says, seeing KOF’s adjusted leverage at more than 2x. KOF agreed Monday to pay $1.86bn cash for Spaipa, its second Brazilian buy in the last two months. “While Moo

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