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DBRS rates Potash notes BBB (high)
DBRS said it finalized the rating of BBB (high) with a stable trend to $500 million principal amount of 3.25% notes due Dec. 1, 2017 and $500 million principal amount of 5.625% notes due Dec. 1, 2040 to be issued by Potash Corp. of Saskatchewan Inc.
The agency said the issuance of the notes is a prudent step in maintaining the company's liquidity in light of its intention to repurchase up to $2 billion of its shares.
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