Fitch Ratings on Oct. 6 assigned an A rating to PepsiCo Inc.'s $4 billion note issuance, with a stable outlook.

The notes will be issued by PepsiCo under the indenture dated May 21, 2007, with proceeds to be used for general corporate purposes, including the repayment of commercial paper.

PepsiCo had approximately $3.8 billion of commercial paper as of Sept. 9, Fitch said.