Fitch Assigns 'A' Ratings to Monsanto's Sr. Note Issuance

CHICAGO--(Business Wire)--
Fitch Ratings has assigned 'A' ratings to Monsanto Company's
(Monsanto) senior note debt issuances. Today, Monsanto issued $300
million of 10-year senior notes and $250 million of 30-year senior
notes both yielding approximately 165 basis points over comparable
Treasuries. Proceeds are to be used for the refinancing of $236
million of senior notes due next month and to finance the expansion of
Monsanto's corn seed production facilities. The Rating Outlook is
Stable.

Monsanto is a St. Louis-based leading global provider of
agricultural products to farmers. Its seeds, biotech trait products
and herbicides provide farmers improved productivity, reduced farming
costs, and produce better foods for consumers and better feed for
livestock.

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, Chicago
Sean T. Sexton, CFA, 312-368-3130
Dennis L. Ruggles, CPA, 312-606-2318
or
Media Relations:
Brian Bertsch, 212-908-0549, New York

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