Camposol S.A. intends to issue five-year Rule 144A Reg. S notes for up to $125 million. We are assigning our 'B' corporate credit rating to Camposol S.A. and 'B' senior unsecured rating to its proposed notes. We expect the company to use the proceeds to repay existing debt (about $70 million), to finance capital expenditures (about $35 million in 2012), and for other general corporate purposes. On Jan. 18, 2012, Standard&Poor's Ratings Service assigned its 'B' corporate credit rating to Perú-based integrated agribusiness company Camposol S.A. At the same time, we assigned our 'B' senior unsecured rating to the company's proposed five-year Rule 144A Reg. S notes for up to $125 million. The outlook is stable. Our ratings
