Global and well-diversified chemical operator with strong market positions in a range of products across diverse industrial, agricultural, and specialty chemicals businesses. Moderate financial policies that support improvement to key credit protection measures. Refinancing plan improves FMC's liquidity position and provides ample capacity to meet scheduled obligations. Financial risk reflects FMC's contingent obligations. Exposure to cyclical end markets, such as construction, agriculture, and pulp and paper, will likely result in some earnings volatility. 2001 restructuring and impairment charges significantly diminished the capital base. The ratings for FMC Corp. reflect an average business profile derived from leading positions in industrial, agricultural, and specialty chemicals businesses, and moderate financial policies that support credit quality. With about $1.9 billion in annual sales, FMC
