DBRS Discontinues Ratings on Cadbury

DBRS has today discontinued the ratings on Cadbury Holdings Limited (formerly Cadbury Schweppes plc), Cadbury Beverages Canada Inc. and Cadbury Schweppes US Finance LLC (collectively, Cadbury or the Company).

The rating has been discontinued and withdrawn without resolution of the Under Review with Developing Implications status that was initiated on November 9, 2009, following the unsolicited bid to take over the Company by Kraft Foods Inc. (Kraft). Kraft, which is not rated by DBRS, obtained control of Cadbury on February 2, 2010. Given that Kraft’s intentions with respect to the future strategy and capital structure of Cadbury are unknown, DBRS is not able to resolve the Under Review status prior to the discontinuation and withdrawal of the rating. The decision to discontinue the ratings is unrelated to Cadbury’s credit profile.

Notes:
The applicable methodology is Rating Consumer Products, which can be found on our website under Methodologies.

This is a Corporate rating.