Dr Pepper Snapple Group Inc.'s Proposed $500M Senior Unsecured Notes Assigned 'BBB' - S&P Global Ratings’ Credit Research

Dr Pepper Snapple Group Inc.'s Proposed $500M Senior Unsecured Notes Assigned 'BBB'

Dr Pepper Snapple Group Inc.'s Proposed $500M Senior Unsecured Notes Assigned 'BBB' - S&P Global Ratings’ Credit Research
Dr Pepper Snapple Group Inc.'s Proposed $500M Senior Unsecured Notes Assigned 'BBB'
Published Nov 07, 2011
Published Nov 07, 2011
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Abstract:

NEW YORK (Standard&Poor's) Nov. 7, 2011-- Standard&Poor's Ratings Services said today it assigned its 'BBB' rating to Dr Pepper Snapple Group Inc.'s (DPS) proposed senior unsecured note issues including $250 million 2.6% notes due 2019 and $250 million 3.2% notes due 2021. The notes will be issued under the company's Rule 415 shelf registration. We expect net proceeds from this debt issuance to be used to retire $400 million 1.7% notes due Dec. 21, 2011, and for general corporate purposes. The ratings on Plano, Texas-based DPS reflect our opinion that the company has a "satisfactory" business risk profile (as defined in our criteria) and our assessment of the company's financial risk profile as "intermediate." Our assessments

  
Report Type:

Ratings Action

Ticker
DPS-MERG
Issuer
GICS
Soft Drinks (30201030)
Sector
Global Issuers
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Dr Pepper Snapple Group Inc.'s Proposed $500M Senior Unsecured Notes Assigned 'BBB'" Nov 07, 2011. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dr-Pepper-Snapple-Group-Inc-s-Proposed-500M-Senior-Unsecured-Notes-Assigned-BBB-909857>
  
APA:
S&P Global Ratings’ Credit Research. (). Dr Pepper Snapple Group Inc.'s Proposed $500M Senior Unsecured Notes Assigned 'BBB' Nov 07, 2011. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dr-Pepper-Snapple-Group-Inc-s-Proposed-500M-Senior-Unsecured-Notes-Assigned-BBB-909857>
  
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