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Prospect News home > News index > List of issuers A > Headlines for Archer-Daniels-Midland Co. > News item |
Fitch applies A to Archer Daniels notes
Fitch Ratings said it assigned an A rating to Archer-Daniels-Midland Co.'s $500 million senior unsecured notes due August 2047.
Archer Daniels intends to use the net proceeds for general corporate purposes, including to repay a portion of outstanding commercial paper.
The company had about $8.2 billion of total debt including $1.2 billion related to its accounts receivable securitization program at the end of second quarter 2017.
The outlook is stable.
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