Blends and copolyesters of poly(ethylene terephthalate)/ poly(ethylene 2,6-naphthalene dicarboxylate), PET/PEN, have shown promise in high performance container applications. In the first part of this series on the processing characteristics of PET/PEN blends, we investigated the applicability of reaction kinetics to predict the critical transesterification temperature during processing and the influence of the equilibrium melting point of the miscible blends on the critical transesterification temperature. In the present work, we have studied both the rheology and degradation kinetics of the blends as a function of material composition. Melt viscosity loss was measured as a function of time and temperature. Activation energies for degradation were calculated from experimental data. Results show that blends containing a minimum of 10% PEN by weight are as stable as PEN in terms of thermal and thermal-oxidative degradation. Addition of low amounts of PEN to PET causes a depression in melt viscosity. A critical composition of 10% PEN by weight is required before an