Moody’s rates Archer Daniels notes A2

Moody's Investors Service said it assigned an A2 rating to Archer Daniels Midland Co.'s proposed issuance of senior unsecured euro notes due 2025.

Proceeds from the notes will be used for general corporate purposes.

The outlook is stable.

"In July, ADM announced the potential acquisition of Neovia for €1.5 billion. In my opinion, it is likely that some of the proceeds from these notes will be used to fund that transaction when it closes in the fourth quarter of 2018 or the first quarter of 2019," John Rogers, senior vice president at Moody's and lead analyst on Archer Daniels, said in a news release.

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