Cargill continues to review its portfolio of business and has recently announced several acquisitions and dispositions, including the purchase of Norwegian fish feed producer EWOS for about $1.5 billion, Archer Daniels Midland's (ADM) global chocolate business for about $430 million, an agreement to sell its pork business to JBS for $1.45 billion, and sales of several investments in its Black River Asset Management business. We are revising our forecast assumptions to reflects these announcements and to reflect our base-case operating assumptions. We are affirming all ratings, including the 'A' long-term corporate credit rating. The outlook is stable, reflecting our expectation that Cargill will slowly grow earnings build cash, and modestly reduce leverage. On Oct. 22, 2015, Standard&Poor's Ratings
