Article mining.com 25th May 2011Standard & Poor?s upgrades...

Article mining.com 25th May 2011

Standard & Poor?s upgrades Potash Corp., sees strong demand for fertilizer
World number one fertilizer company Potash Corp, received a fillip from S&P on Wednesday after the ratings agency upped the company?s rating to stable from negative and reaffirmed its investment grade corporate credit rating of A-.

S&P believes Potash Corp. will benefit from strong fundamentals in the potash business and from the fact that its mines are considered low cost and have long reserve lives. Potash Corp, worth some $46bn on the stock market, has attracted renewed interest from investors on the back of rising global food prices, record earnings at the company, and after a hostile takeover bid was scuppered by the Canadian federal government in November last year.

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