NEW YORK (Standard&Poor's) Dec. 2, 2010--Standard&Poor's Ratings Services said today that it assigned its 'BBB' rating to Dr Pepper Snapple Group Inc.'s (DPS; BBB/Stable/--) proposed senior unsecured note issue due 2020 for up to $600 million, to be exchanged for part of the company's $1.2 billion 6.82% senior unsecured notes due 2018. DPS has commenced a private offer to exchange up to $600 million of its outstanding 6.82% senior notes due 2018 for a like principal amount of a new series of senior notes due 2020 plus cash, and an additional offer to purchase up to $600 million of its 2018 notes for cash in a tender offer. The company plans to fund the tender offer
