Moody's may lift Pepsi Bottling

Moody's Investors Service said it placed the A3 long-term and Prime-2 short-term ratings of Pepsi Bottling Group on review for upgrade.

The possible upgrade is prompted by the company's growing importance in the Pepsi system, as well as its track record as an independent bottler, according to Moody's.

The review follows continued steady performance at the bottler and improved creditworthiness of PepsiCo, Inc. (Aa2/P-1), the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.