Bottling Group’s 10-Year senior notes receives an 'A+

Fitch Ratings has assigned an 'A+' rating to the $750 million 5.125% senior unsecured notes due January 15, 2019 of Bottling Group, a 93.4%-owned subsidiary of The Pepsi Bottling Group (PBG).

PBG plans to use the issuance proceeds, together with a portion of the proceeds from the Bottling Group's guaranteed notes issued in October 2008, to repay its $1.3 billion guaranteed notes that matured on Feburary 17, 2009.

At September 6 last year, PBG's total debt was approximately $5.8 billion.