Fitch affirms Pepsi

Fitch Ratings said it affirmed the following ratings of Pepsi Bottling Group, Inc.: long-term issuer default rating at A+, short-term issuer default rating at F1, bank credit facility at A+, senior unsecured debt at A+ and commercial paper F1 as well as Pepsi Bottling Group, LLC's issuer default rating A+, senior unsecured debt A+ and guaranteed senior notes AA-.

The outlook is stable.

Fitch said that the affirmation reflects Pepsi's importance within the PepsiCo bottling system, its strengthening beverage portfolio and its fast-growing Russian businesses.

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