It is the largest food company in the world, measured by revenue and other metrics, since The company has been associated with various controversies, facing criticism and boycotts over its marketing of baby formula as an alternative to breastfeeding in developing countries, its reliance on child labour in cocoa production , and its production and promotion of bottled water. In the following decades, the two competing enterprises expanded their businesses throughout Europe and the United States. The company's first British operation was opened at Chippenham , Wiltshire, in
Concurrently, Moody's has affirmed the Prime-2 P-2 short-term rating. The outlook has been changed to stable from ratings under review. A full list of affected ratings can be found at the end of this Press Release. Pro forma for the acquisition, the rating agency expects that CCEP's Moody's adjusted leverage at December would increase to approximately to 5.
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