Moody's lifts Keurig view to stable

Moody's Investors Service said it revised Keurig Dr Pepper Inc.'s outlook to stable from negative.

The agency also said it affirmed Keurig's Baa2 senior unsecured and prime-2 commercial paper ratings.

Moody’s said the change in outlook reflects the company's de-leveraging since the Keurig Green Mountain merger with Dr Pepper Snapple in 2018, aided by strong operating performance and over $3 billion of debt repayment over the past two years.

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