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