Standard & Poor's lowers its long-term corporate credit rating on PBG S.A. to "B+" from "BB-"
2012-05-09
Standard & Poor’s (S&P) rating update reflects PBG's current liquidity situation (previous rating BB-). At the same time, S&P analysts believe that PBG is likely to succeed in refinancing a part of its debt, raise funds to finance its day-to-day operations and improve the Group's liquidity.