Fitch Rates Cargill's EUR500MM Euro Medium-Term Notes 'A'; Outlook Stable.CHICAGO -- Fitch Ratings has assigned an 'A' rating to Cargill, Incorporated's (Cargill) EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 500 Million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 672.5 million) 4.875% 10 year notes due 2017. These notes were issued off of Cargill's existing Euro medium-term note (EMTN) shelf. The net proceeds from this offering are expected to be used largely to term out short-term debt. Fitch rates Cargill's and its subsidiaries' debt as follows: Cargill --Issuer Default Rating (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) 'A'; --Senior Unsecured Notes 'A'; --U.S. medium-term notes 'A'; --Euro medium-term notes 'A'; --Credit Facility 'A'; --Commercial paper (CP) 'F1'. Cargill Ltd. --CP 'F1'. Cargill Global Funding PLC --CP 'F1'. Cargill Asia Pacific Treasury Ltd --CP 'F1'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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