DBRS rates Agrium notes BBB

DBRS said it assigned a BBB rating with a stable trend to $500 million of senior notes due 2023 and $500 million of senior notes due 2043 to be issued by Agrium Inc.

The proceeds will be used to fund anticipated capital expenditures and for general corporate purposes including potential share repurchases.

The company's overall debt levels are expected to remain manageable, the agency said, and its financial metrics are expected to remain consistent with its current ratings.

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