Standard and Poor’s Upgrades Viterra’s Public Notes to Investment Grade

May 19, 2010 | Corporate Member News

ViterraColorLogo (260 x 230) 2nd

Viterra Inc. (TSX:VT)(ASX:VTA) is pleased to announce that Standard and Poor’s Ratings Services has upgraded the Company’s senior unsecured notes, including the proposed Series 2010-1 Notes, to investment grade. This upgrade, together with Dominion Bond Rating Services’ (DBRS) existing investment grade rating on Viterra’s notes will make them eligible for the Dex Universe All Corporate Bond Index.

“Over the last several years, we have achieved significant growth while maintaining and strengthening our balance sheet and ability to access capital. This, along with our focus on investment grade credit metrics, has helped us to establish a platform to support our global business and strategic initiatives,” said Rex McLennan, Viterra’s Chief Financial Offer.

Forward-Looking Information

This release contains forward looking statements that involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such statements. Important factors that could affect these statements include, without limitation, weather conditions; producer’s decisions regarding total planted acreage, crop selection, and utilization levels of farm inputs such as fertilizers and pesticides; grain export levels; changes in government policy and transportation deregulation; world agricultural commodity prices and markets; currency risk; changes in competitive forces including pricing pressures; and global political and economic conditions, including grain subsidy actions of the United States and European Union.

About Viterra

Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Western Canada, Australia, and New Zealand, with Adelaide, Australia as the base for Viterra’s Southeast Asian operations. Our growing international presence also extends to operations in the United States, offices in Japan, Singapore, China and Switzerland. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and value-added processing. Our expertise, close relationships with producers, and superior logistical assets allow the company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world. 

Viterra Inc.
Peter Flengeris
Investor Relations and Corporate Affairs
(306) 569-4810

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