DBRS Assigns Provisional Rating to Viterra’s $500 Million Shelf at BBB (low), Stable Trend and Withdraws Provisional Rating on $500 Million Notes (Series 2010-1)

DBRS has today assigned a provisional rating of BBB (low) with a Stable trend to Viterra Inc.’s (Viterra or the Company) preliminary short form base shelf prospectus dated July 22, 2010. This will allow Viterra to offer, from time-to-time over a 25-month period, up to $500 million of Senior Unsecured Notes (the Notes).

As per the filing, unless otherwise indicated in any applicable prospectus supplement, the debt securities to be issued under this shelf prospectus will be unsecured obligations and will rank pari passu with all Viterra’s existing and future senior unsecured and unsubordinated indebtedness.

As ratings are subject to change, subsequent determination of Viterra’s debt ratings will be provided by DBRS as debt securities are issued under this shelf prospectus or in response to material changes in the Company’s business and or financial profile.

The Company has concurrently announced today that its existing preliminary short form prospectus dated May 4, 2010, has been withdrawn. As such, DBRS has discontinued and withdrawn the provisional rating that was assigned on May 5, 2010, to the proposed issuance of up to $500 million Senior Unsecured Notes (Series 2010-1).

See the DBRS press releases on Viterra dated May 5, 2010, and May 18, 2010, for further details.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Grain Companies, which can be found on our website under Methodologies.

This is a Corporate (Consumers) rating.