Leading corn refiner, with emphasis on specialty products; Improved market position following the recent acquisition of National Starch; and Ability to hedge a meaningful portion of its raw material costs. Highly competitive, commodity-oriented business; and Exposure rising corn costs. The ratings on Westchester, Ill.-based Corn Products International Inc. reflect a satisfactory business risk profile and intermediate financial risk profile. Standard & Poor's Ratings Services believes Corn Products' business risk profile has strengthened following the acquisition of National Starch, and regional and product diversification has improved, resulting in more value-added offerings, a larger presence in processed foods ingredients, and better research and development (R&D) capabilities. Moreover, given the similar market segments in which both companies operate, integration of Corn Products and...
Companies mentioned in this report are: Corn Products International Inc.
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