NEW YORK (Standard&Poor's) Aug. 30, 2012--Standard&Poor's Ratings Services said today that its ratings on E.I. DuPont de Nemours&Co. (A/Stable/A-1) remain unchanged following DuPont's announcement that it has reached an agreement to sell its performance coatings business to the Carlyle Group for approximately $4.9 billion in cash. DuPont intends to use net after-tax proceeds from the transaction, which it expects to close by the first quarter of 2013, primarily to strengthen its balance sheet. DuPont's credit measures are currently subpar for the ratings following its May 2011 acquisition of food ingredient and enzyme producer Danisco A/S for about $7 billion. As of June 30, 2012, funds from operations-to-net adjusted debt was 24%, well below our
