Cargill Inc.'s Senior Unsecured Notes Rated 'A'

NEW YORK (S&P Global Ratings) May 21, 2021--S&P Global Ratings today assigned its 'A' issue-level rating to Minneapolis-based agribusiness company Cargill Inc.'s senior unsecured notes (final amounts to be determined). We expect the company to use the net proceeds from these notes for general corporate purposes. Cargill is an agribusiness leader that operates in more than 60 countries and continues to expand its global agribusiness footprint, which should further strengthen its market-leading positions in its core operating businesses. The company's core grain origination and commodity processing businesses benefit from the industry's high barriers to entry given that a handful of industry leaders have already built out global footprints of sourcing, processing, and distribution assets. We expect Cargill's operating performance for

...May 21, 2021 NEW YORK (S&P Global Ratings) May 21, 2021--S&P Global Ratings today assigned its 'A' issue-level rating to Minneapolis-based agribusiness company Cargill Inc.'s senior unsecured notes (final amounts to be determined). We expect the company to use the net proceeds from these notes for general corporate purposes. Cargill is an agribusiness leader that operates in more than 60 countries and continues to expand its global agribusiness footprint, which should further strengthen its market-leading positions in its core operating businesses. The company's core grain origination and commodity processing businesses benefit from the industry's high barriers to entry given that a handful of industry leaders have already built out global footprints of sourcing, processing, and distribution assets. We expect Cargill's operating performance for fiscal year 2021 (ended May 31, 2021) to be on the stronger end of our base-case expectations. As of the fiscal third-quarter ended Feb. 28, 2021,...

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