NEW YORK (Standard&Poor's) Nov. 20, 2015--Standard&Poor's Ratings Services said today that it assigned its 'A' senior unsecured debt rating to Minnetonka, Minn.-based Cargill Inc.'s $602.4 million 4.76% senior unsecured notes due 2045. The new notes were issued as part of an exchange offer to refinance the company's previously outstanding notes of various maturities, in order to improve its debt maturity profile. The company did not receive any cash proceeds from the exchange offers. We estimate that the company had approximately $11.9 billion of debt outstanding as of Aug. 31, 2015. Our 'A' corporate credit rating on Cargill reflects its global leadership in agribusiness, the strength of its distribution footprint, and the company's very strong geographic diversity.
