Friday, May 25, 2007

Moody's may cut Coca-Cola on Glaceau acquisition

(Reuters) - "Moody's review will focus on the financial impact of the
debt-funded acquisition on the financial metrics of The
Coca-Cola system, the sustainability of the rapid growth of the
target business, and the opportunities for revenue and costs
synergies that might enhance growth rates and profitability for
the system over all," Moody's said in a statement.




"Leverage on an aggregated system basis is expected to rise
in 2007 as a result of this large acquisition as well as
several smaller bottler acquisitions that have occurred
recently, and the intent of the company to restore financial
metrics quickly will be a key consideration in the review," the
ratings agency added.


Read more at Reuters.com Bonds News

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