S&P lifts Keurig Green Mountain

Standard & Poor's said it raised the corporate credit rating on Keurig Green Mountain Inc. to BB from BB-.

The agency also said it raised the ratings on the company's senior secured credit facilities to BBB- from BB+.

The recovery rating remains at 1, indicating 90% to 100% expected default recovery.

The agency also said it removed all of the ratings on the company from CreditWatch with positive implications, where they were placed in February following a collaboration agreement announcement.

The outlook is stable.

The upgrades reflect a belief that this transaction strengthens Keurig's business risk profile, Bea Chiem, an S&P analyst, said in a press release.

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