Moody's assigns Mondelez notes Baa1

Moody's Investors Service said it assigned Baa1 ratings to the unsecured notes offered by Mondelez International, Inc. in three tranches. The company's domestic and foreign ratings, including the company's Baa1 unsecured debt rating are unaffected.

“Mondelez's ratings (senior unsecured at Baa1) are supported by its large scale and leading global market position in the attractive global snacks category, which will continue to grow faster than the broader global packaged food sector,” Moody’s said in a press release.

The proceeds will be used for general corporate purposes, including debt repayment.

The outlook remains stable.

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