NEW YORK (Standard&Poor's) Dec. 2, 2013--Standard&Poor's Ratings Services said today that its 'A' corporate credit rating (with a negative outlook) on Decatur, Ill.-based Archer Daniels Midland Co. (ADM) is not affected by the Nov. 28 announcement by the Australian Federal Treasurer that he had made an order prohibiting ADM's proposed acquisition of GrainCorp Ltd. We had previously indicated that we could lower our ADM corporate credit rating if the company's earnings did not improve or if newly issued debt related to the GrainCorp acquisition results in weaker credit measures--specifically a ratio of debt to EBITDA of more than 3x and funds from operations (FFO) to debt of 25%, compared with trailing-12-month ratios for the period ending
