S&P upgrades Wrigley to A

S&P said it raised all ratings on Wm. Wrigley Jr. Co., including the long-term corporate credit rating, to A from A-.

The outlook is positive.

Wrigley had reported debt outstanding of $4.9 billion as of June 30.

S&P said the upgrade reflects its opinion that Wrigley is now a fully integrated subsidiary of Mars Inc. and that it is integral to the group's future strategies, priorities, and reputational risks.

The agency consequently considers that the rest of the group is likely to support Wrigley under any foreseeable circumstances.

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