NEW YORK (Standard&Poor's) Dec. 14, 2009--Standard&Poor's Ratings Services said today that it assigned its preliminary 'BBB-' senior unsecured debt rating to Dr Pepper Snapple Group Inc.'s (DPS) Rule 415 shelf registration of debt securities. At the same time, this preliminary rating was placed on CreditWatch with positive implications. The new shelf has an indeterminate aggregate initial offering price or number of debt securities. Net proceeds from any debt issuances will be used for general corporate purposes. The ratings on DPS remain on CreditWatch with positive implications, where they were placed Dec. 9, 2009, following an agreement with PepsiCo to license certain of its brands on completion of PepsiCo's pending acquisitions of The Pepsi Bottling Group Inc.
