NEW YORK (Standard&Poor's) March 25, 2008--Standard&Poor's Ratings Services said today it assigned its 'BBB-' corporate credit rating to Plano, Texas-based Dr Pepper Snapple Group Inc. (DPS). The outlook is negative. In addition, Standard&Poor's assigned a 'BBB-' rating to the company's $2.4 billion senior unsecured credit facility due 2013, consisting of a $1.9 billion term loan A and $500 million revolving credit facility. Net proceeds from the company's term loan and $2 billion, 364-day senior unsecured bridge facility (unrated) will finance DPS' planned separation from Cadbury Schweppes PLC. The bridge facility is expected to be refinanced by a $2 billion senior unsecured debt offering, and these notes will be rated 'BBB-'. Pro forma for the
