|Bid||0.00 x 82700|
|Ask||20.28 x 150000|
|Day's Range||20.04 - 20.48|
|52 Week Range||20.04 - 27.89|
|Beta (5Y Monthly)||1.20|
|PE Ratio (TTM)||14.11|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Soft drinks bottler Coca-Cola HBC AG said on Thursday it will evaluate all options for its Russian operations and have a smaller presence in the country, focussing on local brands, after U.S. beverage giant Coca-Cola suspended operations there. The bottler, which counted Russia as one of its biggest markets, said it was still in the process of implementing the decision by Coca-Cola. Hundreds of Western companies have either withdrawn or suspended operations in Russia since the country invaded Ukraine in February while Western governments have imposed sanctions.
Soft drinks bottler Coca-Cola HBC AG said on Thursday it will evaluate all options for its Russian operations and have a smaller presence in the country, focussing on local brands. The bottler, which counts Russia as one of its biggest markets, is also working closely with Coca-Cola to implement the U.S. beverage company's decision to suspend its business in the region and stop orders for concentrates. HBC is one of Coca-Cola's many bottlers worldwide and holds local Coca-Cola franchises to bottle and sell drinks produced by the beverage giant.
Rating Action: Moody's downgrades Frigoglass' ratings to Caa2, changes outlook to negative from stableGlobal Credit Research - 18 Mar 2022Frankfurt am Main, March 18, 2022 -- Moody's Investors Service ("Moody's") downgraded Frigoglass SAIC's (Frigoglass) corporate family rating (CFR) to Caa2 from Caa1 and its probability of default rating (PDR) to Caa2-PD from Caa1-PD. Concurrently, the rating agency downgraded to Caa2 from Caa1 the rating on the 260 million guaranteed senior secured notes due 2025 issued by Frigoglass Finance B.V. The outlook on both entities was changed to negative from stable.RATINGS RATIONALEThe downgrade of the CFR to Caa2 reflects the expected deterioration in liquidity and financial performance resulting from the Russia-Ukraine conflict. Significant weakening in liquidity and operational challenges increase the risk of Frigoglass' default on its obligations, including the coupon payment on its 260 million guaranteed senior secured notes.Following the fire incident in Romania in June 2021, Frigoglass now relies heavily on its Russian operations to fulfil customer orders in its commercial coolers (ICM) business that accounts for more than half of the group's earnings.