Moody's Upgrades VeraSun and Bunge North America and Biodiesel ...

Moody's Upgrades VeraSun and Bunge North America and Biodiesel ...
Financial News USA (press release) - La Puente,CA,USA
A Memphis-based investment group and a leading agribusiness firm are teaming up to build Illinois' largest biodiesel plant in Danville.

City of Industry, CA --(www.FinancialNewsUSA.com)-- 09/25/2006 - Ethanol industry news provided by Financial News USA (OTC: FNWU). Moody's Investors Service on Friday upgraded ratings for ethanol maker VeraSun Energy Corp. (NYSE:VSE), citing its cash holdings, strong 2006 operating results and a favorable industry environment. The credit-rating agency said it upped VeraSun's corporate family rating and 9.875 percent senior secured notes due 2012 to "B2" from "B3." Moody's also affirmed a speculative grade liquidity rating of "SGL-1" (excellent liquidity) and is keeping its outlook at positive. US Farms, Inc. (OTC BB:USFI) is pleased to provide an update on its Asparagus crop located in Southern California. The harvest is on track for a harvest delivery target for the first quarter of 2007 which includes approximately 210 acres of Asparagus. Darin Pines, Director of US Farms, Inc., stated, "Our Asparagus crop has grown to our plans and expectations as the weather has certainly cooperated with us thus far.

A Memphis-based investment group and a leading agribusiness firm are teaming up to build Illinois' largest biodiesel plant in Danville. Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG) and Biodiesel Investment Group, LLC, announced the creation of Biofuels Company of America, LLC (BCA), a joint venture that will build the 45-million gallon per year biodiesel plant adjacent to Bunge's soybean processing facility in Danville, Ill. An animal-rights group said Friday that employees at a poultry plant of one of the largest U.S. packaged-foods companies routinely abused turkeys by kicking or punching them. ConAgra Foods Inc. (NYSE:CAG) said it and the U.S. Department of Agriculture are investigating. People for the Ethical Treatment of Animals said two of its investigators worked 40 days at an Ozark Butterball plant in western Arkansas between April and July.

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