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DBRS affirms Agrium notes
DBRS said it finalized its rating of BBB with a stable trend on the $500 million of 6.125% senior notes due 2041 to be issued by Agrium Inc.
The provisional BBB rating was assigned earlier in the week.
The agency views the issuance of the new notes as a positive step in Agrium's initiative to put in place long-term financing to replace the $125 million of senior notes due in February 2011 and to help fund the company's recent acquisition of AWB Ltd.
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