Moody’s gives Keurig Dr Pepper notes Baa2

Moody’s Investors Service said it assigned a Baa2 rating to Keurig Dr Pepper Inc.’s new senior unsecured notes issued in multiple tranches.

The agency affirmed Keurig Dr Pepper’s Baa2 senior unsecured ratings on Friday.

Proceeds will be used to refinance debt, including addressing a portion of the company’s maturities over the next 12 months.

The outlook is stable.

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