New York, May 18, 2016 -- Moody's Investors Service today assigned a first time senior unsecured rating of A3 to Coca-Cola European Partners plc's (CCEP), for its bonds issued in multiple maturity tranches. CCEP is the new European bottler that will be formed through the merger of Coca-Cola Enterprises, Inc. (CCE, A3, on review for downgrade), Coca-Cola Iberian Partners, S.A. (CCIP, not rated) and Coca-Cola Erfrischungsgetränke GmbH (CCEG, not rated). Moody's expects that CCEP will seek to raise EUR2 to EUR2.3 billion of bonds to partially fund the $3.3 billion cash distribution to CCE shareholders as part of the transaction. The A3 issuer rating was affirmed and the rating outlook is stable.

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