S&P Lifts Mosaic To Investment Grade (MOS)

[24/7 Wall St.]

24/7 Wall St. Daily News

The Mosaic Co. (NYSE: MOS) has just received an Investment Grade rating from independent ratings agency Standard & Poor's Ratings Services. The bond rating service has raised its corporate credit rating on to 'BBB-' from 'BB+' and the outlook is "positive." S&P said the issue-level ratings on Mosaic's and its subsidiary Mosaic Global Holdings Inc.'s senior unsecured debt ratings were also raised to 'BBB-' from 'BB+', and it affirmed issue-level ratings on Mosaic's senior secured credit facility at 'BBB' one notch above the corporate credit rating. S&P has also withdrawn all "recovery ratings" on Mosaic's and MGHI's debt now that...http://feeds.feedburner.com/~f/typepad/RyNm?i=qoLiMI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=qoLiMI) http://feeds.feedburner.com/~f/typepad/RyNm?i=V2tkDI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=V2tkDI) http://feeds.feedburner.com/~f/typepad/RyNm?i=FV9V6i</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=FV9V6i)


complete story here... (http://www.247wallst.com/2008/06/sp-lifts-mosaic.html)