S&P assigns PepsiCo notes A-

Standard & Poor's said it assigned its A- issue-level rating to PepsiCo Inc.'s $2 billion senior unsecured notes, consisting of $750 million three-year and $1.25 billion 10-year notes.

The company plans to use the net proceeds for general corporate purposes, including the repayment of commercial paper.

S&P said the corporate credit rating on PepsiCo reflects its assessment of the company's business risk profile as "excellent" and financial risk profile as "intermediate."

Key credit factors in the business risk assessment include the company's balanced portfolio of businesses, with strong positions and well-known brands in the relatively stable, cash-generating liquid refreshment beverage and snack food industries.

© 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.