Fitch rates Archer Daniels notes A

Fitch Ratings said it assigned an A rating to Archer Daniels Midland Co.'s euro-denominated benchmark-size seven-year senior notes.

The company intends to use the net proceeds from the notes for general corporate purposes, including to repay a portion of outstanding commercial paper.

The outlook is stable.

The agency said Archer Daniels’ diverse operations geographically, logistically and across most key commodities offer material protection from volume fluctuations from changing demand dynamics or supply disruption of any specific marketplace or product.

The company has leading positions in corn and oilseeds processing combined with an extensive agricultural services trading business focusing on merchandising and handling, transportation and milling, Fitch added.

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