S&P assigns Viterra notes BBB-

S&P said it assigned its BBB- issue rating to Viterra Finance BV's planned euro-denominated dual-tranche senior unsecured notes. Viterra Finance B.V. is a wholly owned finance subsidiary of Viterra Ltd. Viterra Finance will sell the notes under its new euro medium-term note program, which is guaranteed jointly by ultimate parent Viterra Ltd. and the group's operating entity Viterra BV.

“We equalize the rating on the new EMTN program and on the notes with the long-term issuer credit rating on Viterra Ltd., one of the guarantors under the new EMTN program. This is because we view the role of Viterra Finance B.V. as core to the Viterra group's financial management as the group's main financing vehicle,” S&P said in a press release.

Viterra plans to use the proceeds for general corporate purposes and for liabilities management.

The outlook is stable.

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