New York, September 13, 2016 -- Moody's Investors Service placed the ratings of Potash Corporation of Saskatchewan Inc. (senior unsecured rating at A3) under review for downgrade following the announcement that it plans to merge with Agrium Inc. (Baa2 RUR Up) in a stock for stock transaction. Moody's also affirmed Potash's commercial paper rating at Prime-2. The transaction has been approved the Boards of both companies and is subject to customary closing conditions, including receipt of regulatory approvals, Canadian court approval, and approval by the shareholders of both companies. The companies expect the transaction to be completed in mid-2017.

Vollständigen Artikel bei Moodys lesen