DBRS Finalizes Provisional A (high) Rating on PepsiCo’s New Debt Issuance, Stable Trend

DBRS has today finalized the provisional rating of A (high), with a Stable trend, on PepsiCo, Inc.’s US$2.25 billion multi-tranche senior notes issue (Notes). The Notes are unsecured obligations and rank pari passu with all of PepsiCo Inc.’s existing and future unsecured and unsubordinated indebtedness.

See DBRS’s related press release dated October 20, 2010, for further details.

Note:
All figures are in U.S. dollars unless otherwise noted

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