Fitch affirms General Mills

Fitch Ratings said it affirmed the credit ratings of General Mills, Inc. and its subsidiary, General Mills Cereals LLC.

The agency said that the following General Mills, Inc. ratings were affirmed: long-term issuer default rating at BBB+; senior unsecured debt at BBB+; senior unsecured credit facilities at BBB+; short-term issuer default rating at F2; and commercial paper at F2.

General Mills Cereals LLC's long-term issuer default rating was affirmed at BBB+ with its class A limited membership interests at BBB+.

The outlook is stable.

Concurrently, Fitch added that it has assigned a BBB+ issuer default rating and credit facility rating to Yoplait SAS's €300 million fully drawn facility agreement expiring Dec. 15, 2014.

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