International ratings agency, Fitch has said that it is retaining the 'A+/F1' rating of American Beverage giant, Coca Cola at `A+/F1'.

Coca Cola is the world's largest global beverage company and it has fifteen $1 billion brands, including Coca-Cola, Diet Coke, Sprite, Powerade, Minute Maid and Dasani. The rating agency noted that the company has been able to offset the falling volume for carbonated soft drinks in the US and slow growth in other developed countries with the help of strong growth in developing and high-growth engine.

The high rating displays the company's ability to consistently generate considerable cash flow from operations (CFFO) and free cash flow (FCF). The company has recorded high top-line and cash

Flow due to an increase in volume and improved operating expense leverage. Coca Cola recorded $10.6 billion of CFFO and $3.3 billion of FCF during the year, 2012 compared to CFFO of $9.5 billion and FCF of $2.3 billion recorded in 2011.

Fitch is now expecting the company to generate an FCF of more than $3 billion in 2013. The rating agency also noted that the company is able to meet and even exceed its long-term financial targets of 3 to 4 per cent worldwide volume and 6 to 8 per cent operating income growth. The company is expected to continue its growth in several markets amid a gradual global economic recovery.