NEW YORK (Standard&Poor's) Oct. 20, 2010--Standard&Poor's Ratings Services said today that it assigned its 'A-' issue rating to PepsiCo Inc.'s $2.25 billion senior unsecured notes, consisting of $500 million of notes due 2013, $1 billion of notes due 2020, and $750 million of notes due 2040. The company issued the notes under its Rule 415 shelf registration. We expect PepsiCo to use a portion of the net proceeds from this offering to fund the pending offer to purchase up to $500 million aggregate principal amount of its 7.9% senior notes due 2018, with the balance to be used for general corporate purposes. PepsiCo's senior unsecured debt rating reflects our opinion that this debt is structurally subordinated
