Moody's: Kraft Foods Group Baa2

Moody's Investors Service said it assigned a Baa2 issuer rating to Kraft Foods Group, Inc., the wholly owned grocery foods subsidiary of Kraft Foods Inc. that will be spun off later this year.

Moody's also assigned a Prime-2 rating to the company's proposed $3 billion commercial paper program.

The outlook is stable.

Moody's said the ratings are supported by high operating margins, stable earnings and cash flow, leading category market shares and its broadly diversified portfolio of branded packaged food products.

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