NEW YORK (Standard&Poor's) March 20, 2008--Standard&Poor's Ratings Services said today that there would be no effect on the ratings or outlook on Purchase, N.Y.-based PepsiCo Inc. (A+/Stable/A-1), Somers, N.Y.-based Pepsi Bottling Group Inc. (PBG, A/Stable/A-1) and Minneapolis, Minn.-based PepsiAmericas Inc. (PAS, A/Stable/A-1) following the announcement that PepsiCo and PBG have agreed to jointly acquire a 75.53% stake in Russia's leading branded juice company, JSC Lebedyansky (excluding the company's baby food and mineral water business, which is not being acquired) for $ 1.4 billion. The purchase will be split into a 75% stake for PepsiCo and 25% for PBG. Lebedyansky is the world's sixth-largest juice manufacturer and the largest in Russia, with an estimated market share in
