DBRS confirms PepsiCo ratings

DBRS said it confirmed the long-term ratings of PepsiCo, Inc. and its related entities at A (high) with stable trends.

DBRS also confirmed Pepsi’s short-term issuer rating at R-1 (low) with a stable trend.

DBRS discontinued the rating of the senior unsecured debt of the Bottling Group LLC. The rating is being discontinued after Pepsi redeemed Bottling Group’s $750 million January 2019 bond in November 2016.

“The confirmations acknowledge the stability of Pepsi’s earnings profile in the first nine months ended Q3 F2017 and financial management in line with DBRS’s expectations,” DBRS said in a news release.

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