date:May 26, 2012
assign a Baa2 long-term debt rating to any senior unsecured debt of Kraft Foods Group, the ratings agency said. Proforma for the spinoff, financial leverage at Kraft Foods Group is modest (Moodys adjusted debt/EBITDA is below 3.5 times) and liquidity is solid. Details of Kraft Foods Groups financial policy, including dividend payout rate, have been not been disclosed, however Moodys assumes periodic strategic acquisitions, a peer-average dividend policy, and limited share repurchase activity.
A