Moody's withdraws the ratings of Coca-Cola Icecek A.S. for business reasons
Rating Action: Moody's withdraws the ratings of Coca-Cola Icecek A.S. for business reasons. Global Credit Research- 08 Feb 2022. London, 08 February 2022-- Moody's Investors Service has today withdrawn the B2 corporate family rating of Coca-Cola Icecek A.S..Coca-Cola Icecek is a bottler and distributor of alcohol-free beverages in Turkey, Pakistan, Central Asia and the Middle East. Co. focuses on the production, sales and distribution of sparkling and still beverages with The Coca-Cola Company (TCCC) trademarks. Co. has rights to produce, sell and distribute TCCC branded beverages including Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade and Fuse Tea in TCCC authorized packages throughout Turkey. Co. also has the right to produce, sell and distribute Burn and Gladiator branded energy drinks throughout Turkey, as well as bottling and distribution rights in Turkey for Schweppes branded beverages.
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