NEW YORK (Standard&Poor's) Oct. 9, 2015--Standard&Poor's Ratings Services today assigned its 'A' issue-level rating to Purchase, N.Y.-based food and beverage company PepsiCo Inc.'s senior unsecured notes, consisting of $700 million floating rate notes due 2017, $450 million 1.0% senior notes due 2017, $1.1 billion 2.15% senior notes due 2020, and $750 million 4.45% senior notes due 2046. PepsiCo has indicated 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 program rating remain unchanged. PepsiCo's business strength is in its balanced portfolio of businesses, with strong
