Fitch gives Kellogg notes A-

Fitch Ratings said it has assigned an A- rating to Kellogg Co.'s $500 million of 4.15% senior unsecured notes due Nov. 15, 2019.

The outlook is stable.

According to the agency, Kellogg's ratings are as follows:

• Kellogg Co. with long-term issuer default rating A-; senior unsecured debt A-; bank credit facility A-; short-term issuer default rating F2; and commercial paper at F2;

• Kellogg Europe Co. Ltd. with long-term issuer default rating A-; short-term issuer default rating F2; and commercial paper at F2;

• Kellogg Holding Co. Ltd. with long-term issuer default rating A-; short-term issuer default rating F2; and commercial paper at F2.

Fitch said that the company intends to use the net proceeds from this debt issuance, plus cash and commercial paper, if necessary, to fund its previously announced tender offer of up to $500 million of 6.6% notes due in 2011.

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