New York, February 20, 2014 -- CF Industries (CF, Baa2, stable) announced long-term ammonium nitrate (AN) supply agreements with Orica International Pte. Ltd. (Orica) and Nelson Brothers, LLC. are a modest credit positive. The sizable long-term agreements favorably provide CF meaningful volume commitments, in support of the expansion and diversification into the industrial markets, growing beyond agricultural end-markets.
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