NEW YORK (Standard&Poor's) July 31, 2007--Standard&Poor's Ratings Services said today that its ratings on E.I. DuPont de Nemours&Co. (A/Stable/A-1) will not change following DuPont's announcement that it will complete the remaining $1.1 billion of its $5 billion share repurchase program earlier than planned. DuPont has entered into a structured stock repurchase agreement in which it made an upfront payment of $1.1 billion, financed with short-term debt. We believe the company will use operating cash flow, which is typically stronger in the second half of the year, to reduce debt somewhat by year end. As a result, DuPont's funds from operations to total adjusted debt ratio should remain in the appropriate 35%-40% range.
