Coca-Cola Europacific Partners' (CCEP) long-term issuer rating has been upgraded by Moody's Ratings to A3 from Baa1, citing the company's strong operating performance and conservative financial policy, Moody's Ratings said Tuesday

The agency said it also raised the senior unsecured ratings of guaranteed subsidiaries BNI, CCEP Finance, and Coca-Cola Amatil to A3.

Moody's said the outlook for all entities was revised to stable from positive.

The upgrade was due to resilient 2025 results supported by disciplined revenue management, a strong product mix, and productivity improvements despite weaker performance in some European markets, including France and Germany, Moody's said.