Diverse portfolio of brands, with good brand recognition; Stable margins despite raw material cost volatility; and Limited geographic diversity and fewer expansion opportunities as it does not own its carbonated soft drink (CSD) brands of U.S., Canada, Mexico, and Caribbean. Moderate financial policies; Credit measures are expected to remain stable; Good cash flow generation; and Adequate liquidity. The positive rating outlook reflects the likelihood that Standard&Poor's Ratings Services could raise the ratings if Dr Pepper Snapple Group Inc. (DPS) can sustain its current credit measures, including leverage 2.5x or below and funds from operations (FFO) to total debt near 30%, despite lingering weak macroeconomic conditions and higher commodity costs. We believe this could occur if the company meets
