Fitch assigns A to Cargill notes

Fitch Ratings said it assigned an A rating to Cargill Inc.'s $500 million three-year senior unsecured notes.

The outlook is stable.

Proceeds will be used for general corporate purposes.

Cargill had about $8 billion of debt as of Feb. 28

“Cargill is the largest agricultural company based in the U.S. and one of the biggest privately owned companies in the world, generating significant cash flows with LTM revenue of $112 billion,” Fitch said in a news release.

“Strategic agricultural operations include grain origination, oilseeds processing, corn milling, starches & sweeteners, meat processing, and animal nutrition.

“Fitch believes the company's extensive geographical presence spanning nearly all agricultural commodities gives Cargill a clear advantage versus its competition.”

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