Texting is available for authorized users.
Please register or log in at the website.
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Russian Dairy And Fruit Juice Producer Wimm-Bill-Dann Foods 'BB+/ruAA+' Ratings Affirmed; Withdrawn At Issuer's Request

June 16, 2011 | Standard & Poor's

MOSCOW (Standard & Poor's) June 15, 2011--Standard & Poor's Ratings Services said today that it had affirmed its 'BB+' long-term corporate credit and 'ruAA+' Russia national scale ratings on Russia's largest dairy and fruit juice producer Wimm-Bill-Dann Foods OJSC and its bond.

We have withdrawn the ratings at Wimm-Bill-Dann's request. The outlook was positive at the time of withdrawal, indicating potential credit upside stemming from operating synergies and positive funding developments at Wimm-Bill-Dann under the new ownership by PepsiCo Inc. (A/Stable/A-1).

We note that since PepsiCo's acquisition of Wimm-Bill-Dann, public information flow regarding Wimm-Bill-Dann's financial performance has diminished materially. Nevertheless, we were able to affirm the ratings based on stable industry and competitive conditions, the short time since the last report, and an update by Wimm-Bill-Dann's management on debt financing actions taken since PepsiCo's takeover.

Company: Wimm-Bill-Dann

Full company nameWimm-Bill-Dann Open Joint Stock Company
Country of riskRussia
Country of registrationRussia
IndustryFood industry


Similar news:
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools