Fitch affirms Archer Daniels

Fitch Ratings said it affirmed Archer Daniels Midland Co.'s long-term issuer default rating, senior debt, convertible notes and credit facilities at A and short-term issuer default rating and commercial paper at F1.

The outlook is stable.

The ratings are supported by the company's leading position in agricultural processing and merchandising, as well as its position as a leading player in bio-energy, the agency said. The company's competitive advantages include its size, scale and diversification, along with its extensive vertically integrated origination, processing and logistics network.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.