NEW YORK (Standard&Poor's) Feb. 19, 2016--Standard&Poor's Ratings Services today assigned its 'A' issue-level rating to Purchase, N.Y.-based food and beverage company PepsiCo Inc.'s proposed senior unsecured notes, which the company may issue in up to three tranches, with possibly two three-year maturities and a 10-year maturity. In addition, the company plans on adding additional obligations to its senior unsecured noted maturing April 2046, and the 'A' ratings on those notes remain unchanged. PepsiCo has indicated that it plans to use the net proceeds from this offering for general corporate purposes, including the repayment of its commercial paper. The 'A' long-term and 'A-1' short-term corporate credit ratings on the company as well as the 'A-1' commercial paper
