Fitch rated Kraft BBB minus

The Fitch credit rating, changed the rating of U.S. confectionery group the Kraft Foods ratings from BBB to BBB minus, after the purchasing of Cadbury.

Fitch explained that Kraft’s Pro forma debt is fourfold of the EBITDA.
Fitch estimates Kraft’s debt for 32 billion USD. The U.S. group purchases Cadbury for 19.5 billion USD.
In Fitch's view, it is better refrain from share purchases in the near future, probably because of the reserved cash will be used for the offseting of the debts – reports Világgazdaság Online, after Fox News.