NEW YORK (S&P Global) Dec. 5, 2016--S&P Global Ratings today assigned its 'BBB+' issue-level rating to Plano, Texas-based Dr Pepper Snapple Group Inc.'s (DPS') proposed senior unsecured notes, final amounts and maturities to be determined. The notes are rated the same as the 'BBB+' corporate credit rating on the company, and will be fully and unconditionally guaranteed by the company's existing and future subsidiaries that guarantee the company's other indebtedness. The company intends to use the net proceeds to fund the acquisitions of Bai Brands LLC. DPS benefits from strong and stable profit margins, above-average volume growth in several brands across its carbonated and noncarbonated portfolios, and ongoing productivity gains, which should allow for continued above-industry-average EBITDA growth. The company
