DBRS Releases Report on Agrium

DBRS has today released a report that supports the recent confirmation of the Senior Debt rating of Agrium Inc. (Agrium or the Company) at BBB with a Stable trend.

The rating confirmation reflects the Company’s position as one of the leading agricultural retailers in the world, as well as an important primary producer of nitrogen, potash and phosphate-based fertilizers. Agrium’s total assets have grown by almost 450% since the end of 2005 as the Company was very acquisitive, particularly in the Retail component of its business, which now provides about one-third of Company EBITDA before corporate and other costs. DBRS expects the Company to remain acquisitive as its strategy is focused on achieving growth in all business units.

Notes:
Today’s report and the November 28, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.