25.06.2013 17:52:00

Frankfort (City of) IN, Ind. Dev. Auth. -- Moody's downgrades Pepsi to A1; affirms P-1 short-term rating; outlook is stable

New York, June 25, 2013 -- Moody's today lowered the long-term ratings of PepsiCo ("Pepsi) and its rated subsidiaries to A1 from Aa3. Pepsi's short-term rating was affirmed at P-1 and the outlook for the company is stable. Today's action concludes Moody's review of Pepsi for downgrade which was initiated on May 30th.

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