NEW YORK (Standard&Poor's CreditWire) June 29, 2001 – Standard&Poor's today assigned its 'A-1' commercial paper rating to Archer Daniels Midland Co.'s 4(2) commercial paper program. At the same time, Standard&Poor's affirmed its single-'A'-plus long-term corporate credit and senior unsecured debt ratings as well as its 'A-1' short-term corporate credit rating. The outlook is stable. A continued difficult agricultural operating environment, exacerbated by insufficient returns on recent investments, has reduced Archer Daniels Midland Co.'s (ADM) financial flexibility. Still, ADM's ratings are supported by its position as one of the world's leading agribusiness companies, with major market positions in agricultural processing and merchandising, as well as industrial production. Standard&Poor's expects that ADM's financial policies
