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Viterra Inc.'s Proposed Senior Unsecured Notes Rated ?BBB-?; CCR Unchanged At ?BBB-?
Standard & Poors, July 2010
We are assigning our 'BBB-' issue-level rating to Viterra Inc.'s proposed US$400 million senior unsecured notes. We are also assigning our 'BBB-' rating to Viterra's Canadian shelf prospectus for up to C$500 million of senior unsecured notes. At the same time, we are withdrawing our 'BBB-' ratings on the company's proposed C$500 million senior unsecured notes that it never issued because of market conditions. 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) July 30, 2010--Standard & Poor's Ratings Services today said assigned its 'BBB-' issue-level rating to Viterra Inc.'s proposed US$400 million senior...
Companies mentioned in this report are: Viterra Inc.
Action: New Rating
Action: Outlook: Stable
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.