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Moody's assigns Viterra notes Ba1
Moody's Investors Service said it assigned a Ba1 rating to Viterra, Inc.'s proposed senior unsecured notes.
Viterra's Ba1 corporate family rating and other ratings were affirmed, the agency said.
Proceeds from the proposed notes are to be used for debt reduction and for general corporate purposes, the agency added.
The outlook is stable.
According to Moody's, the proposed notes are expected to rank pari passu with all of Viterra's existing and future senior unsecured indebtedness, including its recent C$1.6 billion global unsecured guaranteed revolving credit facility executed in May.
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