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