Coca-Cola European Partners plc -- Moody's places Coca-Cola European Partners' A3 ratings on review for downgrade; P-2 rating affirmed

Moody's Investors Service ("Moody's") has today placed on review for downgrade the A3 long-term issuer rating and the A3 senior unsecured rating of Coca-Cola European Partners plc ("CCEP" or "the company"), the largest independent bottler by revenue in the Coke system. Concurrently, Moody's has affirmed the Prime-2 (P-2) short-term rating as it expects that should the acquisition complete as planned, any downgrade of the long term ratings will likely be limited to not more than two notches, depending on the capital structure post transaction.