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Fitch Assigns First-Time 'BBB-' Ratings to Land O' Lakes, Inc.; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned long-term Issuer Default Ratings (IDR) of 'BBB-' to Land O' Lakes, Inc. (LOL) and Land O' Lakes Capital Trust I. The Rating Outlook is Stable. A full list of ratings is provided at the end of this release. KEY RATING DRIVERS The ratings reflect LOL's significant scale as the second largest U.S. agricultural cooperative (co-op), consistent EBITDA growth and reasonable credit metrics. The company's operations are diversified versus its agricult

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