Monsanto Company -- Moody's assigns A3 rating to Monsanto's senior notes

New York, June 26, 2014 -- Moody's Investors Service assigned A3 ratings to Monsanto Company's (Monsanto's) new $4.5 billion of senior unsecured notes. The company plans to issue seven tranches of notes ranging from 3 year to 50 year maturities for a total of up to $4.5 billion. On June 25, 2014, Monsanto announced a new $10 billion 2 year share repurchase authorization, $6 billion expected through an accelerated share repurchase program in the near-term. Proceeds from the new notes as well as a portion of Monsanto's cash balance will be used for the share repurchases. The rating outlook is stable.

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