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Jump to full article: Business Wire, 2000-12-12
Intro: Fitch has assigned indicative ratings to Kraft Holdings (Kraft) as follows: senior unsecured debt, `A', and commercial paper, `F1'. Kraft is a newly created holding company currently wholly owned by Philip Morris Companies Inc. (Philip Morris). At the same time, Fitch upgraded Nabisco, Inc.'s senior unsecured and bank credit facility ratings to `A' and commercial paper rating to `F1'. These actions follow the consummation of the acquisition of Nabisco Holdings Corp. by Philip Morris and Kraft Foods, Inc., a unit of Kraft. The Rating Outlooks for Philip Morris, Kraft, and Nabisco are Stable.
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