Archer Daniels Midland Co. Debentures Assigned 'A' Rating - S&P Global Ratings’ Credit Research

Archer Daniels Midland Co. Debentures Assigned 'A' Rating

Archer Daniels Midland Co. Debentures Assigned 'A' Rating - S&P Global Ratings’ Credit Research
Archer Daniels Midland Co. Debentures Assigned 'A' Rating
Published Sep 26, 2011
Published Sep 26, 2011
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Abstract:

NEW YORK (Standard&Poor's) Sept. 26, 2011--Standard&Poor's Ratings Services said today it is assigning its 'A' rating to Archer Daniels Midland Co.'s (ADM) newly extended $527.7 million senior unsecured debentures due 2042. The face value of the debentures reflects the sum total of tendered extensions (including any premiums) of various principal amounts outstanding under a series of existing ADM debentures, following the expiration of the early participation date of the exchange offer on Sept. 23, 2011. The current outstanding balance of the newly rated 2042 debentures may increase, contingent upon any additional tendered amounts until the final expiration of the exchange offer on Oct. 5, 2011. The ratings on Decatur, Ill.-based ADM reflect a strong business risk

  
Report Type:

Ratings Action

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Issuer
GICS
Agricultural Products (30202010)
Sector
Global Issuers , Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Archer Daniels Midland Co. Debentures Assigned 'A' Rating" Sep 26, 2011. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Archer-Daniels-Midland-Co-Debentures-Assigned-A-Rating-894553>
  
APA:
S&P Global Ratings’ Credit Research. (). Archer Daniels Midland Co. Debentures Assigned 'A' Rating Sep 26, 2011. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Archer-Daniels-Midland-Co-Debentures-Assigned-A-Rating-894553>
  
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