S&P Lifts Ratings For Dr. Pepper Snapple Group To BBB (DPS)

3/22/2010- Standard & Poor's Ratings Services lifted its ratings on Dr. Pepper Snapple Group Inc. DPS into investment-grade territory, citing the company's debt-reduction efforts, according to a Dow Jones Newswire report.

The rating service company said that Dr. Pepper's credit measures will continue to support the higher rating in the intermediate term regardless of ongoing weak economic conditions.

After its May 2008 spinoff from Cadbury CBY, the company has reduced its debt by about $1.4 million.

S&P lifted its rating of Dr. Pepper one note to BBB, which is two steps into investment-grade territory.

Write to Chip Brian at cbrian@tradethetrend.com

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