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Prospect News home > News index > List of issuers A > Headlines for Agrium Inc. > News item
Published on 12/15/2010 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

DBRS: Agrium notes in at BBB

DBRS said it has assigned a provisional rating of BBB with a stable trend to the senior unsecured debt issue announced by Agrium Inc.

The net proceeds of the new notes are to be used by the company to repay its $125 million of 8.25% senior unsecured debentures due Feb. 15, 2011 and a portion of the borrowings incurred by Agrium to acquire AWB Ltd.

DBRS added that it views the issuance of the new notes as a positive step in putting in place long-term financing.


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