Moody's could cut PepsiCo

Moody's Investors Service said it placed the long-term ratings of PepsiCo, Inc. and its rated subsidiaries on review for possible downgrade and affirmed the company's short-term rating of Prime-1.

The review will focus on the likelihood of improvement in Pepsi's credit metrics, which have very gradually deteriorated as the company has increased its shareholder returns in recent years, while at the same time addressing challenges to grow its North American beverage business, the agency said.

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