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Cargill Inc. Dec 11
Standard & Poors, Dec 2011
Abstract
Global leader in agribusiness, an industry with strong barriers to entry; Liquid balance sheet; High degree of business and geographic diversification; and Prudent risk management policies. Earnings and cash flow volatility; Increased risk exposure associated with the company's commodity trading operations; and Risk of weak earnings cycle persisting, leading to credit measure deterioration. Standard & Poor's Ratings Services' ratings on Minnetonka, Minn.-based Cargill Inc. and its related entities reflect a 'strong' business risk profile (as our criteria define the term) an 'intermediate' financial risk profile. Cargill's strong business risk profile reflects the continued expansion of the company's global agribusiness footprint, and our expectation that the company will maintain its market leading positions in its core operating businesses, given the industry's...
Companies mentioned in this report are: Cargill Inc.,Cargill Inc. Employee Stock Ownership Trust,Cargill Global Funding PLC,Cargill Investment Corp.,Cargill Asia Pacific Treasury Ltd.
Action: Review
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: Full Analysis
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