Agrow is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By


MAI’s Albaugh deal impacts credit rating

Makhteshim-Agan Industries’ (MAI) credit rating has been placed on “credit watch with negative implications”. The agency, Standard & Poor’s, made the move because of MAI’s agreeing to acquire the US business, Albaugh ( Agrow No 595, p 2). The agency notes that the acquisition would be “liable to have negative implications” on MAI’s rating, due to: a “significant increase” in net debt and “exposure to a single product”, the herbicide, glyphosate; greater exposure to South American markets; lower profitability; and the “large” size of the “merger”. However, the agency notes MAI’s competitive position would be enhanced. The acquisition would include $280 million of debt. It is subject to due diligence, and expected to be completed this year.



What to read next




Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts