| 4/1/2022 | BKCVDDEMIGPV | Market Commentary: In junk bonds, Talen in focus on potential bankruptcy filing; Novolex improves; Yum! weakens
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| 3/30/2022 | BKCVDDEMIGPV | Market Commentary: Junk bond issuance resumes; Yum! holds; Wesco jumps on recapitalization, LABL down
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| 3/28/2022 | BKCVDDEMIGPV | Market Commentary: Presidio adds-on; Novolex on deck; Plantronics spikes on buyout; YUM! improves
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| 3/25/2022 | BKCVDDEMIGPV | Market Commentary: Yum! below par; HY secondary soft amid Treasury rout; Ford weakens; Owens & Minor holds
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| 3/24/2022 | BKCVDDEMIGPV | Market Commentary: Yum! doubles; Novolex on deck; Ford at a premium; Owens & Minor gains
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| 3/19/2021 | BKCVDDEMIGPV | Market Commentary: Neiman Marcus, Verra Mobility price; Fortescue Metals, Terex at a premium; Yum! improves
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| 3/17/2021 | BKCVDDEMIGPV | Market Commentary: Triton Water, Nesco, Trinseo price; secondary volatile; Ferrellgas under pressure; T-Mobile flat
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| 2/26/2021 | BKHYIG | S&P assigns BBB- to Yum! Brands loans
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| 4/1/2020 | BKCVDDEMIGPV | Market Commentary: Carnival prices $4 billion offering; Yum! Brands weakens; AA drops; Sprint active
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| 3/31/2020 | BKCVDDEMIGPV | Market Commentary: Carnival on deck; Yum! skyrockets; Envision Healthcare tanks; BWAY drops on earnings
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| 9/9/2019 | BKCVDDEMIGPV | Market Commentary: Cheniere, Encompass Health, Triumph, Toll Brothers price; WeWork drops; Yum Brands lifts
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| 9/4/2019 | BKCVDDEMIGPV | Market Commentary: Iron Mountain, Yum!, Murphy Oil price; Shutterfly upsizes; Ichan new issue gains
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| 6/14/2017 | BKCVDDEMIGPV | Market Commentary: Dollar market calm; Brand on tap; new HCA, Masco, Yum! Hertz gain; energy eviscerated
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| 6/13/2017 | BKCVDDEMIGPV | Market Commentary: Dollar market quiets down; BevMo! shops deal; new Yum!, HCA, PetSmart, Hertz issues gain
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| 6/12/2017 | BKCVDDEMIGPV | Market Commentary: Yum!, Howard Hughes drive by, Masco brings split-rate deal; Rite Aid up on Fred’s news
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| 5/17/2017 | BKHYIG | Moody’s ups Yum! Brands view to stable
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| 6/7/2016 | BKCVDDEMIGPV | Market Commentary: Gray TV, Six Flags drive by, Zekelman also prices, new bonds busy, higher; Valeant gyrates
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| 6/6/2016 | BKCVDDEMIGPV | Market Commentary: Tenneco drives by, gains in trading; Yum!, other recent issues gain; energy up
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| 6/3/2016 | BKCVDDEMIGPV | Market Commentary: CVR upsizes to close out less-busy $3 billion primary week; new Yum! bonds climb in heavy trading
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| 6/2/2016 | BKCVDDEMIGPV | Market Commentary: Downsized Yum! prices, Wesco drives by, CVR on tap; short Weatherford paper up on tender
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| 6/1/2016 | BKCVDDEMIGPV | Market Commentary: Primary stays quiet; Yum! on tap; new Teck notes busy, lower; Intelsat up on tender news
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| 5/31/2016 | BKCVDDEMIGPV | Market Commentary: Post-holiday primary remains quiet as market activity resumes; Yum! shops megadeal, CVR slates
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| 5/27/2016 | BKCVDDEMIGPV | Market Commentary: Primary quiet to end $11 billion week; Yum! slates megadeal; Valeant up on M&A buzz
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| 5/24/2016 | BKHYIG | Moody’s rates Yum! loan Ba1
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| 5/19/2016 | BKHYIG | S&P rates Yum! loan BBB-, notes BB
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| 12/15/2015 | BKHYIG | Moody’s downgrades Yum!, notes, loans
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| 12/10/2015 | HYIG | S&P lowers Yum! to junk
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| 10/21/2015 | HYIG | Moody’s drops Yum notes to Ba1, rates CFR Ba1
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| 10/20/2015 | IG | S&P could lower Yum! Brands
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| 11/20/2013 | IGLM | Yum! Brands wraps tender offers for $550 million of five note series
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| 10/23/2013 | IG | Market Commentary: Midday Commentary: Bonds widen in early trading; Yum! Brands, SunTrust tighten from issuance
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| 10/23/2013 | IG | Market Commentary: U.S. high-grade primary quiet as KfW, EIB price; bond spreads ease; Union Pacific tightens
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| 10/22/2013 | IG | S&P assigns Yum! notes BBB
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| 10/22/2013 | IG | Market Commentary: SunTrust, Yum! price following 'lackluster' jobs report; Wells Fargo rises; Citi improves
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| 10/22/2013 | IG | Yum! Brands plans two-part offering of notes in 10-, 30-year tranches
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| 10/22/2013 | IGLM | Yum! Brands begins tender offers for $525 million of five note series
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| 10/22/2013 | BKIG | Moody's rates Yum! notes Baa3
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| 10/22/2013 | IGLM | Yum! Brands plans tender offers for up to $525 million of senior notes
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| 10/22/2013 | IG | New Issue: Yum! Brands sells $600 million of notes in 10-, 30-year tranches
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| 7/24/2012 | BKIG | Fitch affirms YUM!
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| 2/24/2012 | IG | Moody's: Yum! facility Baa2
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| 9/19/2011 | EMIG | Fitch rates Yum! bonds BBB
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| 9/19/2011 | EMIG | S&P rates Yum! notes BBB-
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| 9/19/2011 | EMIG | Moody's: Yum! notes Baa3
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| 8/23/2011 | IG | Market Commentary: John Deere Capital, Network Rail sell at guidance; financial paper, Bank of America widen
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| 8/22/2011 | IG | Moody's: YUM! notes at Baa3
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| 8/22/2011 | IG | Fitch rates Yum! notes BBB
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| 8/22/2011 | IG | Market Commentary: PepsiCo, Yum!, Duke Energy among issuers as yields drop; BofA, Goldman CDS widen
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| 8/22/2011 | IG | New Issue: Yum! Brands sells upsized $350 million 3.75% 10-year notes at Treasuries plus 170 bps
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| 8/22/2011 | IG | S&P: Yum! view to positive
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| 7/26/2011 | IG | Fitch upgrades YUM!
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| 1/19/2011 | IG | Moody's: Yum! unchanged
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| 9/15/2010 | IG | Moody's: Yum! unchanged
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| 8/24/2010 | IG | New Issue: Yum! Brands sells upsized $350 million 3.875% 10-year notes at Treasuries plus 140 bps
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| 8/24/2010 | IG | S&P gives Yum! notes BBB-
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| 8/24/2010 | IG | Fitch rates Yum! notes BBB-
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| 8/24/2010 | IG | Market Commentary: Aetna, Yum! Brands price upsized deals; issuance set to slow; corporates flat in secondary
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| 7/27/2010 | IG | Fitch affirms YUM!
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| 10/1/2009 | IG | Moody's: YUM!'s ratings unaffected
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| 8/24/2009 | IG | Market Commentary: Questar Market Resources, Westpac Banking sell bonds; supply low for week; Questar tightens
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| 8/21/2009 | IG | Fitch rates YUM! notes BBB-
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| 8/21/2009 | IG | Market Commentary: High-grade bond sales halt despite good tone; new industrials improve; AmEx Credit gains
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| 8/20/2009 | IG | New Issue: Yum! Brands prices $500 million notes in six-, 10-year tranches
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| 8/20/2009 | IG | S&P rates YUM! notes BBB-
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| 8/20/2009 | IG | Market Commentary: Yum!, News America, AmEx Credit offer bonds, tone recovers; financials wider, Watson gains
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| 7/31/2009 | IG | Yum! Brands files automatic shelf registration for debt securities
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| 7/9/2009 | IG | Fitch affirms YUM!
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| 6/26/2009 | IG | Market Commentary: Campbell Soup, Credit Suisse branch sell bonds, KfW reopens; week ahead top heavy; Merck eyed
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| 5/29/2009 | IG | Yum! Brands gets tenders for $137.07 million of its 7.7% notes
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| 5/27/2009 | IG | Yum! Brands determines payout in tender offer for 7.7% notes due 2012
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| 5/14/2009 | IG | Yum! Brands will now include early payment for all notes purchased in offer for 7.7% notes
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| 4/30/2009 | IG | Yum! Brands begins cash tender offer for up to $150 million of $400 million 7.7% notes
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| 10/30/2008 | IG | Fitch Affirms YUM!
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| 8/20/2008 | IG | Moody's lowers YUM
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| 6/10/2008 | IG | Moody's puts YUM! on review
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| 3/18/2008 | IG | Market Commentary: PNC Bank prices issue; Fed announcement leaves traders optimistic; Weatherford plans deal
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| 10/22/2007 | IG | Market Commentary: Soft start deters news deals; financials weak in trading
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| 10/16/2007 | IG | Fitch rates Yum! notes BBB-
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| 10/16/2007 | IG | Market Commentary: Wells Fargo, GECC, Marriott, Yum! Brands, Nationwide Health, American Water price issues on soft day
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| 10/16/2007 | IG | New Issue: Yum! Brands prices $1.2 billion of notes in two tranches
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| 10/16/2007 | IG | S&P rates Yum! notes BBB-
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| 10/16/2007 | IG | Moody's rates Yum! notes Baa2, loans Baa1
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| 10/9/2007 | IG | Moody's affirms Yum! Brands
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| 10/9/2007 | IG | Fitch lowers Yum!
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| 10/9/2007 | IG | Market Commentary: Deutsche Bank, ING, NY Life, KfW, OeKB contribute to solid day; Sprint wider, YUM! tighter
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| 10/9/2007 | IG | YUM! Brands plans to increase debt for share repurchase program; will use bonds for partial funding
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| 10/9/2007 | IG | S&P drops Yum!
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