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Fitch Downgrades Grupo Embotellador Atic S.A. to 'B+'; Outlook Remains Negative

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Grupo Embotellador Atic S.A.'s (Atic) Issuer Default Ratings (IDRs) to 'B+' and Ajecorp B.V.'s senior unsecured notes to 'B+'. Fitch has also assigned the bonds a Recovery Rating of 'RR4'. A full list of rating actions follows at the end of this press release. The downgrade reflects the negative impact of currency depreciations in the majority of markets in which Atic operates as well as the Fitch's overall negative view on economic growth

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