S&P puts CF Industries on positive watch

Standard & Poor's said it placed the BBB- corporate credit and senior unsecured issue-level ratings on CF Industries Inc. on CreditWatch with positive implications.

The CreditWatch placement reflects the likelihood that CF will acquire select OCI NV assets for $8.2 billion, S&P said.

The transaction will create a global nitrogen fertilizer leader, while adding a methanol business segment, the agency said.

The acquired assets are expected to improve the business through increased geographic- and product-diversity, S&P said.

CF is expected to fund the acquisition with cash and equity, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.