S&P: Yara outlook stable

Standard & Poor's said it revised the outlook on Yara International ASA to stable from negative and affirmed its BBB long-term corporate credit rating and A-2 short-term rating.

"The outlook revision reflects Yara's strongly improved operational performance in the first nine months of 2010, which supports the company's cash flow protection ratios. It also reflects our expectation that Yara should have headroom to undertake midsize acquisitions at the current rating level thanks to its improved financial position," S&P analyst Per Karlsson said in a statement.

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