Strong business profile as the global leader in a service-intensive segment of the chemical sector; Significant international presence; Low-cost operations, which support solid and stable profitability; and Strong credit measures. A growth strategy that includes moderate-size acquisitions; and An ongoing share repurchase program that has in past years resulted in meaningful cash outflows. The ratings on St. Paul, Minn.-based Ecolab Inc. reflect its strong business profile as a global leader in a service-intensive specialty chemical business, and its modest financial profile. Ecolab develops and markets cleaning, sanitizing, and maintenance products and services for the commercial food and health care sectors. Customers include food and beverage processors, health care facilities, restaurants, and lodging providers. The company manufactures and distributes many of
