We believe Cargill will sustain its improved operating performance and credit measures following a 40% rebound in operating income in fiscal 2013. We are revising our outlook to stable from negative We are also affirming our ratings on Cargill, including the 'A' long-term and 'A-1' short-term corporate credit ratings. The stable outlook reflects our opinion that the company will maintain a strong liquidity position and an average debt to EBITDA ratio below 3x. On Sept. 12, 2013, Standard&Poor's Ratings Services affirmed its ratings on Minnetonka, Minn.-based Cargill Inc. including the 'A' long-term and 'A-1' short-term corporate credit ratings. We also revised the outlook to stable from negative. The outlook revision reflects our belief that Cargill will sustain improved
