Moody's assigns Baa3 rating to AGCO; outlook stable
Rating Action: Moody's assigns Baa3 rating to AGCO; outlook stable. Global Credit Research- 31 May 2019. New York, May 31, 2019-- Moody's Investors Service assigned a Baa3 Issuer Rating to AGCO Corporation.AGCO is a manufacturer and distributor of agricultural equipment and related replacement parts. The company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. The company's products are used in the agricultural equipment industry and are marketed under the Challenger?, Fendt?, GSI?, Massey Ferguson? and Valtra? brands. The company distributes its products through independent dealers and distributors. In addition, the company provides retail and wholesale financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
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