- Published: April 2004
- Region: World
Research Update: Saskatchewan Wheat Pool Upgraded, Off Watch On Agricore United Purchase; Secured Debt Rated
- Published: July 2007
- Standard & Poors
On July 19, 2007, Standard & Poor's Ratings Services raised the ratings, including the long-term corporate credit rating to 'BB' from 'B+', on Regina, Sask.-based Saskatchewan Wheat Pool (SWP) following its acquisition of Winnipeg, Man.-based Agricore United (AU). At the same time, all ratings on SWP were removed from CreditWatch with positive implications where they were placed April 16, 2007. The outlook is stable. The 'BB' long-term corporate credit rating on AU was removed from CreditWatch and withdrawn. In addition, Standard & Poor's assigned a 'BBB-' bank loan rating (two notches above the corporate credit rating), with a recovery rating of '1', to SWP's proposed C$600 million senior secured bank loan. The '1' recovery rating indicates an expectation of very...
Companies mentioned in this report are: Viterra Inc.,Agricore United
Action: New Rating
Action: Outlook: Stable
Action: Removed From CreditWatch
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Viterra Inc.,Agricore United
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