NEW YORK (Standard&Poor's) Feb. 26, 2009--Standard&Poor's Ratings Services said today that it assigned its 'A+' rating to PepsiCo Inc.'s $1 billion senior unsecured notes due 2014. The company issued the notes under its Rule 415 shelf registration. Purchase, N.Y.-based PepsiCo will use the net proceeds from this debt issuance for general corporate purposes. The 'A+' corporate credit rating on PepsiCo reflects its balanced portfolio of businesses, with its strong positions in the relatively stable, liquid refreshment beverage and snack-food industries, and strong financial profile. PepsiCo is the world's second-largest manufacturer of soft drink concentrates and syrups, and holds the No. 1 position in the U.S. in the snack food market and several segments of the noncarbonated
