Cargill's $500 Million Senior Unsecured Notes Rated A+;To Acquire Remaining Stake in Cerestar - S&P Global Ratings’ Credit Research

Cargill's $500 Million Senior Unsecured Notes Rated A+;To Acquire Remaining Stake in Cerestar

Cargill's $500 Million Senior Unsecured Notes Rated A+;To Acquire Remaining Stake in Cerestar - S&P Global Ratings’ Credit Research
Cargill's $500 Million Senior Unsecured Notes Rated A+;To Acquire Remaining Stake in Cerestar
Published Apr 26, 2002
640 words — Published Apr 26, 2002
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Abstract:

NEW YORK (Standard&Poor's) April 26, 2002—Standard&Poor's said today that it assigned its single-'A'-plus rating to Cargill Inc.'s $500 million senior unsecured notes due June 1, 2012. Cargill is one of the world's leading agribusiness companies. Standard&Poor's affirmed its single-'A'-plus long-term and 'A-1' short-term corporate credit ratings on the company. The outlook is negative. Minneapolis, Minn.-based Cargill has approximately $7.6 billion of debt. "The outlook reflects the risk of integrating recently acquired Cerestar S.A.'s operations with Cargill's. Additionally, there is limited financial flexibility for future acquisitions unless there is an offsetting divestiture," said Standard&Poor's credit analyst Jayne Ross. "Inability to achieve these goals could further weaken credit measures and result in a review

  
Brief Excerpt:

RESEARCH Cargill's $500 Million Senior Unsecured Notes Rated A+;To Acquire Remaining Stake in Cerestar Publication date: 26-Apr-2002 NEW YORK (Standard & Poor's) April 26, 2002ùStandard & Poor's said today that it assigned its single-'A'-plus...

  
Report Type:

Ratings Action

Ticker
3091Z
Issuer
GICS
Agricultural Products (30202010)
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Cargill's $500 Million Senior Unsecured Notes Rated A+;To Acquire Remaining Stake in Cerestar" Apr 26, 2002. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cargill-s-500-Million-Senior-Unsecured-Notes-Rated-A-To-Acquire-Remaining-Stake-in-Cerestar-242486>
  
APA:
S&P Global Ratings’ Credit Research. (). Cargill's $500 Million Senior Unsecured Notes Rated A+;To Acquire Remaining Stake in Cerestar Apr 26, 2002. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cargill-s-500-Million-Senior-Unsecured-Notes-Rated-A-To-Acquire-Remaining-Stake-in-Cerestar-242486>
  
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