Moody’s affirms JAB

Moody's Investors Service said it affirmed JAB Holding Co. Sarl's long-term issuer rating at Baa1.

The agency also affirmed all senior unsecured instrument ratings assigned to debt issuances of JAB Holdings BV at Baa1.

The outlook is stable.

"Our affirmation of JAB's ratings reflects both the sound strategic rationale of the proposed Keurig Dr. Pepper merger and the improvement that the transaction will bring to JAB's portfolio of investments," Stanislas Duquesnoy, Moody’s vice president, senior credit officer and lead analyst for JAB, said in a news release.

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