Fitch Affirms Kraft Heinz's IDR at 'BBB-'; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for Kraft Heinz Food Company at ‘BBB-‘. Fitch has also assigned an ‘F3’ rating to Kraft Heinz’s new $4 billion U.S. commercial paper (CP) program. CP borrowings are guaranteed by Kraft Heinz Company (Parent) and are backstopped by the company’s $4 billion senior unsecured revolving credit facility expiring July 6, 2021. The Rating Outlook is Stable. A full list of rating actions follows at the end of
Source: BusinessWire-Primary

Fitch Affirms Kraft Heinz's IDR at 'BBB-'; Outlook Stable