Cadbury plc http://www.alacrastore.com/company-snapshot/Cadbury_plc-1002866 Sunday, September 07, 2008 8:05:41 AM 1002866 Cadbury plc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/395350_report_framefitch/395350_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Cadbury plc803595908/1/2008 2:18:00 PM01000000010300000103010001030101425Full Rating ReportCBRY395350_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_108996moodys/PBC_108996pdf...Headquartered in London, England, Cadbury plc (rated Baa#/Prime-#/stable outlook) is one of the world s largest confectionery groups, holding a share of about ##% of global market sales in dollar terms ... 5/30/2008 12:18:47 PMpdfCadbury Schweppes plcCadbury Schweppes plc131250300.0000AnalysisAnalysisPBC_108996Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/419713_pr_framefitch/419713_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Cadbury plc803595905/7/2008 2:15:00 PM0100000001030000010301000103010185Press ReleaseCBRY419713_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/382786_report_framefitch/382786_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Cadbury plc803595904/16/2008 2:17:00 PM01000000010300000103010001030101165Credit UpdateCBRY382786_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_153125_807622284moodys/PR_153125_807622284htmlGlobal Credit Research Rating Action ## APR #### Rating Action: Cadbury Schweppes Investments plc Moody's confirms Cadbury's Baa#/P-# ratings; stable outlook London, ## April #### -- Moody's Investors Service today confirmed Cadbury...4/15/2008 12:26:18 AMhtmlCadbury Schweppes Investments plcCadbury Schweppes US Finance LLCCadbury Schweppes Finance plcCadbury Schweppes Finance Pty LtdCadbury Schweppes plcCadbury Schweppes Finance plc; Cadbury Schweppes Finance Pty Ltd; ...807622284806770289600048113600013917131250150.0000NewsRating ActionPR_153125_807622284Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_150767_131250moodys/PR_150767_131250htmlGlobal Credit Research Announcement ## MAR #### Announcement: Cadbury Schweppes plc Moody's comments on Cadbury's intended future capital structure Baa#/P-# ratings remain on review but confirmation likely pending execution of demerger...Announcement3/13/2008 2:18:55 AMCadbury Schweppes plc131250150.0000NewshtmlCadbury Schweppes plcPR_150767_131250Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/634869spcred/634869normThe latest News from S&P3/11/2008 10:34:09 AMNews100global634869United KingdomPackaged Foods & MeatsAsiaCanadaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsConsumer ProductsNewsLONDON (Standard&Poor's) March 11, 2008--Standard&Poor's Ratings Services said today it affirmed its 'BBB' long-term and 'A-2' short-term corporate credit ratings on U.K.-based branded confectionery manufacturer Cadbury Schweppes PLC (Cadbury). The outlook is stable. "The rating action reflects our view that the proposed demerger of the U.S. beverages business of Cadbury should not result in a material deterioration of the continuing group's credit profile," said Standard&Poor's credit analyst Anna Overton. Cadbury announced today that the continuing chocolate and gum business would initially have about £1.65 billion in funded net debt. The ratings on Cadbury continue to reflect the strong position of its international confectionery business, which is supported by a well-established portfolio of brands. TheGBR12720930202030 302020 3020 30Cadbury Schweppes PLC105761ASIACANEUROMIDAFRPACUSACBRY@LNNEWSGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/634870spcred/634870normThe latest Research Update from S&P3/11/2008 10:34:09 AMResearch Update175global634870United KingdomPackaged Foods & MeatsAsiaCanadaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsConsumer ProductsResearch UpdateOn March 11, 2008, Standard&Poor's Ratings Services affirmed its 'BBB' long-term and 'A-2' short-term corporate credit ratings on U.K.-based branded confectionery manufacturer Cadbury Schweppes PLC (Cadbury). The outlook is stable. The rating action reflects our view that the proposed demerger of the U.S. beverages business of Cadbury should not result in a material deterioration of the continuing group's credit profile. Cadbury announced today that the continuing chocolate and gum business would initially have about £1.65 billion in funded net debt. The ratings on Cadbury continue to reflect the strong position of its international confectionery business, which is supported by a well-established portfolio of brands. The group is enjoying sustainable demand trends in a number of geographic markets: inGBR12720930202030 302020 3020 30Cadbury Schweppes PLC105761ASIACANEUROMIDAFRPACUSACBRY@LNRESUPDGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/406254_pr_framefitch/406254_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Cadbury Schweppes plc803595902/19/2008 2:14:00 PM0100000001030000010301000103010185Press ReleaseCBRY406254_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/625051spcred/625051normThe latest Full Report from S&P1/10/2008 10:41:27 AMFull Report400global625051United KingdomPackaged Foods & MeatsCanadaEurope, Middle East, AfricaPacificUnited StatesAsiaGlobal IssuersCorporationsConsumer ProductsFull ReportStrong portfolio of confectionery and gum brands, selling across a number of mature and emerging markets Track record of stable cash flow generation Potential for incremental revenue growth, based on brand diversity and capacity for in-fill acquisitions Intermediate financial risk profile resulting from full absorption of free cash flows into equity dividends and in-fill acquisitions Pressure on confectionery operating margins in the more mature geographic markets The ratings on U.K.-based branded confectionery manufacturer Cadbury Schweppes PLC continue to reflect the strong position of Cadbury's confectionery business, which is supported by a well-established portfolio of brands. It is also enjoying sustainable demand trends in a number of geographic markets: in EMEA (39% of operating profit in 2006), in the Americas (34%),GBR12720930202030 302020 3020 30Cadbury Schweppes PLC105761ASIACANEUROMIDAFRPACUSACBRY@LNFULLGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/625052spcred/625052normThe latest Summary from S&P1/10/2008 10:41:27 AMSummary175global625052United KingdomPackaged Foods & MeatsAsiaCanadaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsConsumer ProductsSummaryThe ratings on U.K.-based branded confectionery manufacturer Cadbury Schweppes PLC continue to reflect the strong position of Cadbury's confectionery business, which is supported by a well-established portfolio of brands. It is also enjoying sustainable demand trends in a number of geographic markets: in EMEA (39% of operating profit in 2006), in the Americas (34%), and in Asia Pacific (27%). Standard&Poor's Ratings Services expects Cadbury's continuing business to maintain a fully adjusted debt-to-EBITDA ratio of about 3x and fully adjusted funds from operations (FFO) to debt of 20%-25%, in line with our previous rating guidance for the 'BBB' rating on the group. Although Cadbury has not yet implemented plans to demerge its American beverages division and is yet toGBR12720930202030 302020 3020 30Cadbury Schweppes PLC105761ASIACANEUROMIDAFRPACUSACBRY@LNSUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_131250moodys/COP_131250htmlGlobal Credit Research Credit Opinion ## APR #### Credit Opinion: Cadbury Schweppes plc Cadbury Schweppes plc London, United Kingdom Ratings Category Moody's Rating Outlook Stable Senior Unsecured MTN -Dom Curr Baa# Other Short Term...1/3/2008 7:54:00 PMhtmlCadbury Schweppes plcCadbury Schweppes plc131250150.0000NewsCredit OpinionCOP_131250Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/448939spcred/448939normThe latest Summary from S&P12/23/2007 11:36:16 PMSummary175global448939Global IssuersCorporationsConsumer ProductsSummaryThe ratings on U.K.-based, branded soft drinks and confectionery manufacturer Cadbury Schweppes PLC (Cadbury) reflect the group's strong positions in the highly profitable beverages and confectionery markets, its balanced geographical diversity, and its diverse portfolio of established brands. These positive factors are mitigated, however, by the group's below-average financial profile and its relative dependency on the competitive U.S. soft-drinks market. At Jan. 2, 2005, the group had fully adjusted net debt of ú4.5 billion ($8.6 billion). With sales of ú6.74 billion in 2004, Cadbury is the second-largest player in the global confectionery market and, although much smaller than its two main competitors, a stable No. 3 player in soft drinks worldwide. Its strong positions in the U.S. and Europe areCadbury Schweppes PLC105761SUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_62782_600048113moodys/PR_62782_600048113htmlRating Action12/21/2007 4:58:21 AMGlobal Credit Research Rating Action ## DEC #### Rating Action: Cadbury Schweppes Finance plc MOODY'S LOWERS SENIOR LONG TERM RATINGS OF CADBURY SCHWEPPES TO Baa# FROM A# & SHORT TERM RATINGS TO PRIME-# AND CHANGES OUTLOOK TO STABLE...Cadbury Schweppes Finance plc600048113150.00Newshtml600015722Cadbury Schweppes Delaware, L.P.600013917Cadbury Schweppes Finance Pty Ltd131250Cadbury Schweppes plcCadbury Schweppes Delaware, L.P.; Cadbury Schweppes Finance plc; ...PR_62782_600048113Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/619654spcred/619654normThe latest News from S&P12/13/2007 1:29:24 PMNews100global619654United KingdomPackaged Foods & MeatsAsiaCanadaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsConsumer ProductsNewsLONDON (Standard&Poor's) Dec. 13, 2007--Standard&Poor's Ratings Services said today that it affirmed its 'BBB' long-term corporate credit rating on U.K.-based branded confectionery manufacturer Cadbury Schweppes PLC and removed it from CreditWatch, where it had been placed with positive implications on June 19, 2007. At the same time, Standard&Poor's affirmed its 'A-2' short-term corporate credit rating. The outlook is stable. "The rating action reflects our view that the proposed demerger of Cadbury's U.S. beverages business is likely to result in a business risk profile and debt credit metrics that will not be materially different to those shown in the past three years," said Standard&Poor's credit analyst Anna Overton. The ratings continue to reflectGBR12720930202030 302020 3020 30Cadbury Schweppes PLC105761ASIACANEUROMIDAFRPACUSACBRY@LNNEWSGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/619655spcred/619655normThe latest Research Update from S&P12/13/2007 1:29:24 PMResearch Update175global619655United KingdomPackaged Foods & MeatsAsiaCanadaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsConsumer ProductsResearch UpdateOn Dec. 13, 2007, Standard&Poor's Ratings Services affirmed its 'BBB' long-term corporate credit rating on U.K.-based branded confectionery manufacturer Cadbury Schweppes PLC and removed it from CreditWatch, where it had been placed with positive implications on June 19, 2007. At the same time, Standard&Poor's affirmed its 'A-2' short-term corporate credit rating. The outlook is stable. The rating action reflects our view that the proposed demerger of Cadbury's U.S. beverages business is likely to result in a business risk profile and debt credit metrics that will not be materially different to those shown in the past three years. The ratings continue to reflect the strong position of Cadbury's confectionery business, which is supported by a well-established portfolioGBR12720930202030 302020 3020 30Cadbury Schweppes PLC105761ASIACANEUROMIDAFRPACUSACBRY@LNRESUPDGBRG1743R30202030 302020 3020 30Cadbury Schweppes Finance PLC335475USACANEUROMIDAFR2289Z@LNGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1664889ccbn/B1664889norm10/10/2007 1:06:00 PMCadbury Schweppes54.0000EditedCadbury Schweppes Interim 2007 Management Statement Conference Call (afternoon) SummaryCSG3:00pm UKT...CSG reported that at July-end, it is extending the timetable for the sale to allow the bidders to complete their proposals against the backdrop of a more stable credit market. ... BriefB1664889Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1664889ccbn/T1664889norm10/10/2007 12:04:00 PMCadbury Schweppes54.0000FinalCadbury Schweppes Interim 2007 Management Statement Conference Call (afternoon) TranscriptCSG3:00pm UKT...Good day and welcome to today's Cadbury Schweppes trading update conference call. For your information, today's conference is being recorded. At this time, I would like to turn the call over to your host today, Mr. Todd Stitzer. Please go ahead, sir. ... TranscriptT1664889Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/B1664883ccbn/B1664883norm10/10/2007 11:06:00 AMCadbury Schweppes54.0000EditedCadbury Schweppes Interim 2007 Management Statement Conference Call (morning) SummaryCSG9:00am UKT...Co. reported that it had a strong qtr. in confectionary business with like-for-like revenues up by ##% bringing YTD revenue growth to #% and has announced further restructuring in Americas Beverages. ... BriefB1664883Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1664883ccbn/T1664883norm10/10/2007 11:06:00 AMCadbury Schweppes54.0000FinalCadbury Schweppes Interim 2007 Management Statement Conference Call (morning) TranscriptCSG9:00am UKT...Good day and welcome to the Cadbury Schweppes trading update conference call. For your information today's conference is being recorded. At this time I would like to turn the conference over to Mr. Todd Stitzer. Please go ahead sir. ... TranscriptT1664883Credit & Investment ResearchThomson Street Events