TEXT-S&P: Kraft Foods ratings unchanged by proposed debt exchange
Posted on June 18, 2012 at 13:45 PM EDT
June 18 - Standard & Poor's Ratings Services said today that its ratings and outlook on Kraft Foods Inc. (BBB/Stable/A-2) are not affected by the company's announcement that it has commenced debt exchange offers. These offers will include up to $3.6 billion of its existing notes with the following maturities: 2018, 2020, 2039, and 2040, with debt to be issued by Kraft's current, wholly owned subsidiary, Kraft Foods Group Inc. (BBB /Negative/A-2). This exchange offer is consistent with Kraft's pl
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