S&P rates PepsiAmericas notes A

Standard & Poor's said it assigned an A rating to the $350 million senior unsecured notes due 2014 issued by PepsiAmericas Inc. (A/stable/A-1).

Proceeds will be used to repay outstanding commercial paper and for other general corporate purposes.

The A corporate credit rating reflects strategic importance to PepsiCo Inc. as the second-largest bottler of Pepsi-Cola beverages, the agency said.

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