S&P lifts Kraft Foods view to stable

Standard & Poor's said it revised its outlook on Kraft Foods Group Inc. to stable from negative and affirmed all ratings on the company, including the BBB corporate credit rating and the A-2 short-term and commercial paper ratings.

"The outlook revision reflects our expectation that Kraft will improve leverage to approximately 3.5x or below and funds from operations to total debt to above 20% as compared with nearly 4x in fiscal 2012 and below 20%, after the company's spinoff," said S&P credit analyst Bea Chiem in a news release.

The rating on Kraft reflects S&P's assessment of the company's business risk profile as "strong" and financial risk assessment as "significant."

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