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CCHGY Coca Cola HBC AG (PK)

33.86
0.00 (0.00%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Coca Cola HBC AG (PK) USOTC:CCHGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 33.86 33.58 34.84 193 18:17:15

S&P Revises Coca-Cola HBC AG Outlook to Negative, Affirms Ratings

17/03/2022 6:21pm

Dow Jones News


Coca Cola HBC (PK) (USOTC:CCHGY)
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By Josh Beckerman

 

S&P Global Ratings revised its outlook to negative from stable for Coca-Cola HBC AG, whose operations include Coca-Cola sales in Russia and Ukraine.

S&P, which affirmed the company's ratings, said Russia represented about 15.5% of total volume in 2021.

Last week, Coca-Cola Co. said it would suspend operations in Russia. As of Dec. 31, Coca-Cola Co. owned about 21% of Coca-Cola HBC.

In addition to "material disruptions" resulting from the suspension, Coca-Cola HBC faces issues including high commodity costs, S&P said.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

March 17, 2022 14:06 ET (18:06 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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