U.S.-based Dr Pepper Snapple Group Inc. (DPS) continues to sustain its credit measures near levels previously indicated for an upgrade, despite challenging industry conditions. We are raising our long-term corporate credit and senior unsecured debt ratings to 'BBB+' from 'BBB'. The outlook is stable, reflecting our expectation that the company will sustain its credit measures near current levels and maintain its moderate financial policy. On Nov. 13, 2013, Standard&Poor's Ratings Services raised its ratings on Plano, Texas-based Dr Pepper Snapple Group Inc. by one notch, including its long-term corporate credit and senior unsecured debt ratings, to 'BBB+' from 'BBB'. At the same time, we affirmed our 'A-2' short-term corporate credit and commercial paper (CP) ratings. The outlook is
