UPDATE: Disclosure Insight Downgrades Agco to Medium Risk - Negative Bias

Disclosure Insight has lowered its rating on Agco

to Medium Risk - Negative Bias from Medium Risk - Positive Bias to reflect risk of undisclosed SEC investigative activity on the company. Disclosure Insight says, "The risk of undisclosed SEC investigative activity; one-time items; related party transactions; and the chairman and CEO positions being held by one person support our opinion of a Medium Risk - Negative Bias rating for AGCO. In a letter dated 31-Oct-11, the SEC indicated that AGCO was involved in undisclosed investigative activity. AGCO recorded annual restructuring charges totaling $20 million. Martin Richenhagen has served as CEO since 2004 and Chairman since 2006." AGCO closed at $42.16 per share on Thursday.