Moody’s rates Mondelez notes Baa1

Moody's Investors Service said it assigned Baa1 ratings to CHF 400 million ($412 million-equivalent) of senior unsecured notes being issued by Mondelez International, Inc.

The outlook is stable.

Net proceeds will be used to fund upcoming debt maturities and for general corporate purposes.

Mondelez will issue Swiss franc denominated senior unsecured debt in two tranches: CHF 135 million 0.625% notes due 2020 and CHF 265 million 1.125% notes due 2023.

Moody’s said the Baa1/Prime-2 ratings are supported by Mondelez's large scale and leading global market positions in the attractive global snacks category. The rating is supported by the company's attractive earnings growth potential that is driven by ongoing cost efficiency programs, organic expansion into faster-growing markets and global snacks category growth in excess of the broader packaged food industry.

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