DBRS: Potash notes BBB (high)

DBRS said it finalized the provisional rating of BBB (high) with a stable trend on the $750 million principal amount of 3.625% senior unsecured notes due March 15, 2024 to be issued by Potash Corp. of Saskatchewan Inc.

The proceeds will be used for general corporate purposes, including refinancing a $500 million aggregate principal amount of outstanding 5.25% senior unsecured notes due May 15, 2014, the agency said.

DBRS said it views the debt issue as a prudent part of the company's ongoing program to meet its funding needs.

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