S&P rates Kellogg notes BBB+

Standard & Poor's said it assigned its BBB+ senior unsecured debt rating to Kellogg Co.'s proposed $500 million notes due 2016.

Kellogg intends to use net proceeds from this offering for general corporate purposes, including repayment of commercial paper, according to S&P.

The agency said its BBB+ corporate credit rating reflects Kellogg's strong business risk profile, highlighted by its leading market positions in the ready-to-eat cereal and snack food industries, and the company's historically stable cash flows.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.