OREANDA-NEWS. December 08, 2015. This announcement replaces the rating action commentary published on 2 June 2015 to include O'key LLC in the accompanying worksheet.

Fitch Ratings has affirmed 22 EMEA Consumer and Healthcare company ratings.

The worksheet "Rating Actions" provides:
-- A full list of ratings affirmed
-- A hyperlink to each issuer's rating summary page at www.fitchratings.com
-- Primary analyst and secondary analyst contact information

Summary of IDR rating actions:
- All ratings affirmed

The worksheet is available by clicking the link above

RATING SENSITIVITIES
No rating sensitivities required for this RAC.

Contacts:
For Primary and Secondary Analysts see attached Rating Action Report

Committee Chair
Michael Dunning
Managing Director
+44 20 3530 1178

Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: peter.fitzpatrick@fitchratings.com.

Additional information is available at www.fitchratings.com.

Date of Relevant Rating Committee: 27 May 2015

The following issuer(s) did not participate in the rating process, or provide additional information, beyond the issuer's available public disclosure: AstraZeneca PLC, SABMiller Holdings Inc., Pernod Ricard S.A., Sodexo SA, SABMiller Plc, GlaxoSmithKline Capital PLC, Royal Ahold N.V.

Applicable Criteria
Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 17 Aug 2015)

Additional Disclosures
Dodd-Frank Rating Information Disclosure Form
Solicitation Status

With respect to this RAC, if the lead analyst is based in an EU-registered entity, the issuer(s) will be displayed below in the following colour when the ratings provided are unsolicited and the issuer(s) did not participate in the rating process, or provide additional information beyond the issuer's available public disclosure.

Issuer(s)

AstraZeneca PLC
SABMiller Holdings Inc.
Pernod Ricard S.A.
Sodexo SA
SABMiller Plc
GlaxoSmithKline Capital PLC
Royal Ahold N.V.

Endorsement Policy
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Endorsement Policy - Fitch's approach to ratings endorsement so that ratings produced outside the EU may be used by regulated entities within the EU for regulatory purposes, pursuant to the terms of the EU Regulation with respect to credit rating agencies, can be found on the EU Regulatory Disclosures page. The endorsement status of all International ratings is provided within the entity summary page for each rated entity and in the transaction detail pages for all structured finance transactions on the Fitch website. These disclosures are updated on a daily basis.