NEWS
ADM on Review from Moody's
Tue Apr 30, 2013 04:39 PM CDT

(Dow Jones) -- Moody's Investors Service placed Archer Daniels Midland Co. on review for a downgrade after the agriculture giant reached an agreement to acquire Australian grain exporter GrainCorp Ltd.

Moody's currently rates ADM's senior unsecured notes and debentures at A2, five notches into investment grade.

The board of GrainCorp last week accepted an improved $2.5 billion takeover offer from ADM. The acquisition would be ADM's biggest ever, and comes as it seeks to diversify its largely U.S.-focused grain business.

"ADM intends to acquire GrainCorp to improve its position in Asia and accelerate the globalization of its operations" said John ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
Minding Ag's Business
Minding Ag's Business
Ag Interest Rate Snapshot
Klinefelter: By the Numbers
Minding Ag's Business
Senior Partners - 3
Rates Too Low Too Long
Minding Ag's Business
Minding Ag's Business