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WKN: 578919 / ISIN: US61166W1018

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04.11.2013 19:24:00

Monsanto Company -- Moody's Assigns A1 Ratings to Monsanto's Notes

New York, November 04, 2013 -- Moody's Investors' Service assigned A1 ratings to Monsanto Company's (Monsanto's) new $1 billion of senior unsecured notes. Monsanto plans to issue three tranches of debt -- three, five and 30 year notes. On November 1, 2013, Monsanto announced it had closed on the acquisition of The Climate Corporation for $930 million. Proceeds from the notes will be used to repay commercial paper used to fund the transaction and for general corporate purposes. The outlook is stable.

Vollständigen Artikel bei Moodys lesen