Moody's affirms Dr Pepper

Moody's Investors Service said it affirmed Dr Pepper Snapple Group, Inc.'s Baa2 long-term ratings and assigned it a Prime-2 rating for short-term commercial paper.

The outlook remains positive.

The agency said the Baa2 rating is based on the company's solid portfolio of brands, strong profitability and good product diversity.

These factors are offset by the company's short track record as an independent company, more limited geographic diversity than its global peers, comparatively greater focus on the declining carbonated soft drink category and dependence on non-controlled distribution for 40% of its product volume, Moody's said.

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