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 gradual improvement to key credit protection measures. Satisfactory liquidity position and cash flow generation 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. Restructuring and impairment charges significantly weakened the capital base. The ratings on FMC Corp. reflect an average business profile derived from solid 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
