Moody's affirms Coca-Cola Bottling Co. Consolidated Baa2 ratings; outlook is stable
Rating Action: Moody's affirms Coca-Cola Bottling Co. Consolidated Baa2 ratings; outlook is stable. Global Credit Research- 03 Apr 2017. New York, April 03, 2017-- Moody's Investors Service today affirmed Coca-Cola Bottling Co. Consolidated's senior unsecured debt rating at Baa2.Coca-Cola Consolidated distributes, markets and manufactures nonalcoholic beverages. The company's product offerings include both sparkling and still beverages. Sparkling beverages are carbonated beverages and the company's principal sparkling beverage is Coca-Cola. Still beverages include energy products and noncarbonated beverages such as bottled water, tea, ready to drink coffee, enhanced water, juices and sports drinks. The company's sales are divided into two main categories: bottle/can sales and other sales. Bottle/can sales include products packaged primarily in plastic bottles and aluminum cans. Other sales include sales to other Coca-Cola bottlers and post-mix products.
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