Plymouth, Minn.-Moody’s Investors Service, one of the three credit rating agencies that rates The Mosaic Co.’s debt, has upgraded Mosaic’s senior unsecured rating to Baa2 from Baa3. The decision to raise the rating was based on several factors – Mosaic’s strong investment grade credit profile, the strength of its cash flow, and its new unsecured $500 million revolving credit facility. “This upgrade enhances our reputation and represents a greater standard of confidence within the investment community and financial markets,” said Larry Stranghoener, Mosaic’s Executive Vice President and Chief Financial Officer. “It should also provide us access to lower-cost funding sources as well as greater freedom in making certain financial, investment and operational decisions.”
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