NEW YORK (Standard&Poor's) Jan. 12, 2010--Standard&Poor's Ratings Services said today that it assigned its 'A+' issue rating to the $4.25 billion senior unsecured notes issued by PepsiCo Inc., consisting of $1.25 billion floating rate senior notes due 2011; $1 billion 3.1% senior notes due 2015; $1 billion 4.5% senior notes due 2020; and $1 billion 5.5% senior notes due 2040. The company issued the notes under its Rule 415 shelf registration. We expect PepsiCo to use the net proceeds from this offering to fund its pending acquisitions of The Pepsi Bottling Group Inc. (PBG) and PepsiAmericas Inc. (PAS). The acquisitions remain subject to customary approvals, including shareholder and regulatory approval, and are expected to close by
