NEW YORK (Standard&Poor's) Sept. 19, 2005--Standard&Poor's Ratings Services assigned its 'A' rating to Archer Daniels Midland Co.'s (ADM) proposed $500 million debentures due 2035. At the same time, Standard&Poor's affirmed its 'A' long-term corporate credit and senior unsecured debt ratings, and 'A-1' short-term corporate credit and commercial paper ratings on the agribusiness processor. Standard&Poor's also affirmed its 'A-1' short-term corporate credit and commercial paper ratings on Golden Peanut Company LLC (commercial paper is guaranteed by ADM). The outlook is stable. Total debt (including capitalized operating leases) on Decauter, Ill.-based ADM was $4.4 billion at June 30, 2005.
