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MEXICO: Coca-Cola Femsa rating lowered

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Coca Cola Femsa has had its rating cut, in spite of a rise in Q4 net profit, by Merrill Lynch. The bank said on Friday that it was lowering its rating on the Coke bottler to "neutral" from "buy." The investment bank cited concerns on pricing and growing competition.

Last week, The Mexican soft drinks bottler announced a rise in Q4 profit of 21% to 938m pesos (US$84m) compared with 776 million pesos a year ago. Revenue leapt by 139% to 11.435 billion pesos.


Sectors: Soft drinks

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