Fitch Publishes Latin America Quarterly Beverage Trends for 4Q'14

SANTIAGO, Chile--(BUSINESS WIRE)-- Fitch Ratings has published its Latin America Quarterly Beverage Trend report with 4Q'14 results.

"Latin America beverage companies struggled to increase sales in 2014," according to Monica Coeymans, a Director at Fitch Ratings. "Consumers were in a bad mood in Peru and Brazil due to challenging economic conditions. Tax increases on beverages in Chile and Mexico have also stifled demand in the region."

The report shows quarterly sales volume trends and key financial figures of Fitch-rated Latin American bottlers in Chile, Brazil, Argentina, Mexico and Peru during 2013-2014. Companies included are:

--Embotelladora Andina S.A. (Andina; 'A-'/Outlook Stable)--Compania Cervecerias Unidas (CCU; 'A'/Outlook Stable)--Coca-Cola FEMSA S.A.B. de C.V. (KOF; 'A'/Outlook Stable)--Ambev S.A. ('A'/Outlook Stable)--Grupo Embotellador Atic S.A. (Atic; 'BB'/Outlook Negative)--Corporacion Lindley S.A. (Lindley; 'BBB-'/Outlook Negative)

Applicable Criteria and Related Research: Latin America Quarterly Beverage Trends (Tax Increases Lead to Sluggish Consumption) http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863958

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Media Relations:
Elizabeth Fogerty, 212-908-0526
[email protected]
or
Monica Coeymans, Director, +56 2 24999 3314
Alcantara 200 of. 202, Las Condes
Santiago, Chile
or
Cristina Madero, Associate Director, 312-368-2080
or
Rogelio Gonzalez, Director, 52 81 8399 9134
Additional information is available at www.fitchratings.com

Source: Fitch Ratings

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