LONDON (Standard&Poor's) March 6, 2008--Standard&Poor's Ratings Services said today it revised its outlook on Norway-based fertilizer company Yara International ASA to stable from negative. At the same time, we affirmed the 'BBB' long-term corporate credit rating on the company and raised the short-term rating to 'A-2' from 'A-3'. "The outlook revision reflects the company's stronger-than-expected operational performance, which supports Yara's cash flow protection ratios," said Standard&Poor's credit analyst Sophia Dedemadis. "It also reflects the more measured growth strategy adopted by the company and our expectation that this will remain in line with the ratings." Standard&Poor's expects that Yara will pursue investments to reach its growth target of 10% of the global market
