- Language: English
- 90 Pages
- Published: November 2011
- Region: Colombia
Viterra Inc. Issues Raised To 'BBB-'; Off CreditWatch Positive; C$500 Million Senior Notes Rated 'BBB-'
- Published: May 2010
- Standard & Poors
We are raising the issue-level ratings on Viterra Inc.'s senior notes to 'BBB-' from 'BB+'. The company's senior notes now rank pari passu with the company's new C$1.6 billion unsecured revolving credit facility. We are also removing the issue-level ratings from CreditWatch, where they had been placed with positive implications April 16, 2010. We are assigning our 'BBB-' issue-level rating to Viterra's proposed C$500 million senior notes. The 'BBB-' long-term corporate credit rating and stable outlook on Viterra are unchanged. The stable outlook reflects our expectation that Viterra will preserve its investment-grade capital structure while executing complementary acquisitions. TORONTO (Standard & Poor's) May 19, 2010--Standard & Poor's Ratings Services today said it raised its issue-level ratings on Viterra Inc.'s senior...
Companies mentioned in this report are: Viterra Inc.
Action: New Rating
Action: Removed From CreditWatch
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Research type: News
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