DBRS Places Agrium Inc. Under Review with Developing Implications

DBRS Limited has today placed the BBB Issuer and Senior Debt ratings of Agrium Inc. (the Company) Under Review with Developing Implications following the Company’s announcement that it is in preliminary discussions with Potash Corporation of Saskatchewan Inc. regarding a potential merger of equals.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodologies are Rating Companies in the Mining Industry (October 2015) and Rating Companies in the Industrial Products Industry (April 2016), which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.