Moody’s might lower Dr. Pepper

Moody's Investors Service said it placed the Baa1 senior unsecured long-term ratings of Dr. Pepper Snapple Group, Inc. on review for downgrade.

The agency said the action follows the announcement that the company will merge with Keurig Green Mountain, Inc. (Ba2) in a leveraging transaction.

Additionally, the Prime-2 rating was affirmed.

Moody's said that it expects the outcome of the review, if the deal is structured and consummated as announced, will be to lower the company's rating one notch to Baa2 with a negative outlook.

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