NEW YORK (S&P Global Ratings) Nov. 16, 2020--S&P Global Ratings said today its 'A' issuer credit rating and stable outlook on Archer Daniels Midland Co. (ADM) are unchanged following its third-quarter earnings release. The agribusiness industry, including ADM, is benefitting from a strong origination and processing landscape globally. We expect these trends to continue through the fourth quarter of this year and into next year. Although 2021 will likely face a difficult year over year comparison to 2020 (particularly in AG services and oilseeds), we expect low-single-digit year-over-year EBITDA growth in 2021 given ongoing cost reductions, a likely rebound in starches and sweeteners demand once the pandemic subsides, modestly improving ethanol margins, and continued growth in the nutrition segment, which
