S&P affirms PepsiCo

Standard & Poor's said it affirmed its ratings on PepsiCo Inc., including its A+ long-term corporate credit and A-1 short-term ratings.

The long-term outlook remains stable.

At the same time, the agency said it placed the ratings on the Pepsi Bottling Group Inc. and PepsiAmericas Inc. on Creditwatch with positive implications.

S&P added that it affirmed the A-1 short-term corporate credit ratings on Pepsi Bottling and PepsiAmericas, as well as the $2.3 billion of Pepsi Bottling debt that is guaranteed by PepsiCo, and did not place these ratings on Creditwatch.

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