NEW YORK (Standard&Poor's) Jan. 19, 2011--Standard&Poor's Ratings Services said today that Minnetonka, Minn.-based Cargill, Inc.'s (A/Stable/A-1) announced agreement to split off and distribute its stake in Mosaic Co. (The) (BBB-/Stable/--) will not currently affect the ratings and outlook for Cargill. Cargill's 64% share in Mosaic is currently valued at about $22.5 billion, yet a large portion of this value will be given to certain Cargill shareholders in the split. We believe the transaction will result in significant cash proceeds of about $7 billion to Cargill (this value could be higher or lower depending on the value of the Mosaic shares at the time of the transaction), which the company announced it intends to use primarily for
