Global and well-diversified chemical operations with leading positions in various agricultural, specialty, and industrial chemicals businesses; Some vertical integration, resulting in a favorable cost position; Lower-than-average dependence on petrochemical feedstocks and energy; and Moderate financial policies. Some cyclical commodity products; Meaningful environmental liabilities for continuing and discontinued operations; and Potential weakening of the financial profile as a result of acquisitions. The ratings on FMC Corp. reflect moderate financial policies and a satisfactory business profile derived from leading positions in certain agricultural, specialty, and industrial chemicals markets. Philadelphia-based FMC is a global and diversified chemical manufacturer with annual sales of about $3 billion. The business mix varies from mature and slower growth commodity product lines, such as soda ash, peroxygens, and
