Provided are: a coating composition that inhibits foaming in the composition, thereby making it possible to form a coating having favorable coating properties; and a coated article. The coating composition is characterized in that a heat-resistant resin (A), a non-melt processable fluorine-containing polymer (B), and a melt processable fluorine-containing polymer (C) are dispersed in an aqueous medium, the average particle diameter of resin particles in (A) to (C) is 0.1 to 10 micro m, and methyl cellulose is not substantially contained.

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