DBRS confirms Agrium

DBRS said it confirmed Agrium Inc.'s senior debt rating at BBB with stable trend following the company's announcement that it will no longer pursue an acquisition of CF Industries Holdings, Inc.

The agency said it removed ratings from under review with developing implications, where it placed on Feb. 25, 2009 after the company launched its bid for CF Industries.

DBRS noted that the company has performed as expected under weak market conditions.

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