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Keurig Dr Pepper -- Moody's extends Prime-2 rating to Keurig Dr Pepper's increased CP program

Moody's Investors Service ("Moody's") said today that it has extended its Prime-2 rating to the increased CP program at Keurig Dr Pepper (formerly known as Dr Pepper Snapple Group). The CP program was increased to $2.4 billion at the same time as the closing of the merger of Keurig Green Mountain with Dr Pepper Snapple Group. The ratings of Keurig Dr Pepper ("KDP") reflect its solid portfolio of brands, many with leadership positions in their sub-categories, strong profitability and good product diversity.