Fixed Income

Kellogg Company typically funds its operations through internally generated cash flow and commercial paper as well as through capital market borrowings. This section provides details in regard to our financing.

CREDIT RATINGS

Moody's

Debt Type Rating
Long Term Rating Baa2
Senior Unsecured Debt Baa2
Short Term P-2
Outlook STABLE

Standard & Poor's

Debt Type Rating
LT Foreign Issuer Credit BBB
LT Local Issuer Credit BBB
ST Foreign Issuer Credit A-2
ST Local Issuer Credit A-2
Outlook STABLE

Fitch

Debt Type Rating
LT Issuer Default Rating BBB
Senior Unsecured Debt BBB
Short Term F2
ST Local Issuer Credit A-2
ST Issuer Default Rating F2

Borrowing & Credit Agreements

As of July 21, 2016 Currency Principal (Millions) Rate
Senior Notes due 2016 USD 500 1.875%
Senior Notes due 2017 USD 400 1.750%
Senior Notes due 2017 CAD 300 2.050%
Senior Notes due 2018 USD 400 3.250%
Senior Notes due 2019 USD 500 4.150%
Senior Notes due 2020 USD 850 4.000%
Senior Notes due 2021 EUR 500 1.750%
Senior Notes due 2022 USD 358 3.125%
Senior Notes due 2023 USD 211 2.750%
Senior Notes due 2024 EUR 600 1.000%
Senior Notes due 2025 EUR 600 1.250%
Senior Notes due 2026 USD 750 3.250%
Senior Notes due 2031 USD 1,100 7.450%
Senior Notes due 2046 USD 650 4.500%
Commercial Paper USD 754
Revolving Credit Facility
Deal Size USD 2,000
Drawn as of 9/30/15 USD 0

Maturity Schedule