Fitch rates Kellogg notes A-

Fitch Ratings said it has assigned an A- rating to Kellogg Co.'s $750 million of 4.45% senior unsecured notes due May 2016.

The outlook is stable.

The agency said that the company intends to use the net proceeds of this issuance to repay a portion of its outstanding commercial paper.

According to Fitch, Kellogg's ratings incorporate its leading market share positions, strong brand equity and solid top-line and operating earnings growth on a currency-neutral basis.

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