Moody's reviews PepsiCo's A1 ratings for downgrade on Rockstar deal, affirms Prime-1
Rating Action: Moody's reviews PepsiCo's A1 ratings for downgrade on Rockstar deal, affirms Prime-1. Global Credit Research- 13 Mar 2020. New York, March 13, 2020-- Moody's Investors Service placed the A1 senior unsecured long term ratings of PepsiCo, Inc. on review for downgrade following the company's 11 March announcement that it will acquire Rockstar Energy Beverages for $3.85 billion plus approximately $0.7 billion of payments related to future tax benefits.PepsiCo is a food and beverage company. The company's segments include: Frito-Lay North America, which includes food and snack businesses in the United States and Canada; Quaker Foods North America, which includes cereal, rice, pasta and other food businesses in the United States and Canada; PepsiCo Beverages North America, which includes beverage businesses in the United States and Canada; Latin America, which includes beverage, food and snack businesses in Latin America; Europe, which includes beverage, food and snack businesses in Europe; and Africa, Middle East and South Asia, which includes beverage, food and snack businesses in Africa, the Middle East and South Asia.
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