Moody's assigns Baa1 rating to Potash Corp's notes; ratings remain under review for downgrade
New York, December 01, 2016-- Moody's Investors Service assigned a Baa1 rating, with rating placed on review for downgrade, to a proposed $500 million offering of Potash Corporation of Saskatchewan Inc.' s 10- year senior unsecured notes. Proceeds from the debt issued will be used to repay existing debt under the company's commercial paper program or prefund upcoming debt maturities. Potash's rating are under review pending its proposed merger with Agrium Inc..
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