CHICAGO - Fitch Ratings on Friday upgraded the ratings of cereal maker Kellogg Co. to "A-" from "BBB+," citing the company's leading market position, brand power and increasing profit.
| K | 51.95 |
Fitch also attributed the upgrade to the company's "clear and balanced financial strategy," significant liquidity and high margins.
The rating outlook is "Stable." The ratings affect $5.9 billion in debt.
Kellogg shares fell 43 cents to $51.61 in afternoon trading.

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