Fitch rates Cargill notes A

Fitch Ratings said it assigned an A rating to Cargill Inc.'s multi-tranche benchmark-sized senior note offering.

Cargill's outlook is stable.

Net proceeds from the offering will be used for general corporate purposes.

“Cargill's ratings reflect its strong business profile, supported by the substantial scale of its diverse agricultural operations geographically, logistically and across key commodities, that is underpinned by a robust risk-management framework,” the agency said in a news release.

“Cargill is benefiting from strong operating momentum and improved margin environment given tight supply/demand fundamentals with Fitch projecting EBITDA after associates and minorities in the upper $10 billion range for fiscal 2022.”

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