Bulletin: E.I. DuPont De Nemours&Co. Ratings Are Unaffected By Shareholder Vote Results; Outlook Remains Negative - S&P Global Ratings’ Credit Research

Bulletin: E.I. DuPont De Nemours&Co. Ratings Are Unaffected By Shareholder Vote Results; Outlook Remains Negative

Bulletin: E.I. DuPont De Nemours&Co. Ratings Are Unaffected By Shareholder Vote Results; Outlook Remains Negative - S&P Global Ratings’ Credit Research
Bulletin: E.I. DuPont De Nemours&Co. Ratings Are Unaffected By Shareholder Vote Results; Outlook Remains Negative
Published May 13, 2015
3 pages (997 words) — Published May 13, 2015
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Abstract:

NEW YORK (Standard&Poor's) May 13, 2015--Standard&Poor's Ratings Services said today that its ratings and outlook on E.I. DuPont de Nemours&Co. (A/Negative/A-1) remain unchanged following the reported outcome of the shareholder vote that has resulted in the activist investor not winning any seats on the company's board. However, our rating outlook remains negative, reflecting our assessment that there is at least a one in three chance that we could lower the rating in 2015. Though our ratings remain unchanged currently, the potential of a protracted battle between the activist investor and the company remains a risk to credit quality. We view an increase in activist investor influence in this instance as a negative credit factor.

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) May 13, 2015--Standard & Poor's Ratings Services said today that its ratings and outlook on E.I. DuPont de Nemours & Co. (A/Negative/A-1) remain unchanged following the reported outcome of the shareholder vote that has resulted in the activist investor not winning any seats on the company's board. However, our rating outlook remains negative, reflecting our assessment that there is at least a one in three chance that we could lower the rating in 2015. Though our ratings remain unchanged currently, the potential of a protracted battle between the activist investor and the company remains a risk to credit quality. We view an increase in activist investor influence in this instance as a negative credit factor. We will continue to monitor the situation actively. In our view, any step-up in investor pressure or any unexpected shareholder-friendly action that results from such pressure would strain credit quality. We believe DuPont has little cushion under its current...

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Diversified Chemicals (15101020)
Sector
Global Issuers , Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: E.I. DuPont De Nemours&Co. Ratings Are Unaffected By Shareholder Vote Results; Outlook Remains Negative" May 13, 2015. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-E-I-DuPont-De-Nemours-Co-Ratings-Are-Unaffected-By-Shareholder-Vote-Results-Outlook-Remains-Negative-1398558>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: E.I. DuPont De Nemours&Co. Ratings Are Unaffected By Shareholder Vote Results; Outlook Remains Negative May 13, 2015. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-E-I-DuPont-De-Nemours-Co-Ratings-Are-Unaffected-By-Shareholder-Vote-Results-Outlook-Remains-Negative-1398558>
  
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