FMC Corp. Outlook Revised To Negative On Weakened Credit Metrics; 'BBB' Long-Term And 'A-2' Short-Term Ratings Affirmed - S&P Global Ratings’ Credit Research

FMC Corp. Outlook Revised To Negative On Weakened Credit Metrics; 'BBB' Long-Term And 'A-2' Short-Term Ratings Affirmed

FMC Corp. Outlook Revised To Negative On Weakened Credit Metrics; 'BBB' Long-Term And 'A-2' Short-Term Ratings Affirmed - S&P Global Ratings’ Credit Research
FMC Corp. Outlook Revised To Negative On Weakened Credit Metrics; 'BBB' Long-Term And 'A-2' Short-Term Ratings Affirmed
Published Mar 28, 2016
4 pages (1662 words) — Published Mar 28, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We believe that Philadelphia-based FMC Corp.'s 2016 and 2017 EBITDA and credit measures will be moderately weaker than we had previously projected. We are revising the outlook to negative from stable and affirming our 'BBB' long-term corporate credit and senior unsecured debt ratings on the company. We are also affirming our 'A-2' short-term corporate credit rating and 'A-2' commercial paper ratings on FMC. The negative outlook reflects the potential for a lower rating within the next 12 to 24 months if FMC is unable to improve and sustain credit measures at levels we consider appropriate for the current rating. NEW YORK (Standard&Poor's) March 28, 2016--Standard&Poor's Ratings Services today revised its outlook on Philadelphia-based chemical company FMC

  
Brief Excerpt:

...+ We believe that Philadelphia-based FMC Corp.'s 2016 and 2017 EBITDA and credit measures will be moderately weaker than we had previously projected. + We are revising the outlook to negative from stable and affirming our '###' long-term corporate credit and senior unsecured debt ratings on the company. + We are also affirming our 'A-2' short-term corporate credit rating and 'A-2' commercial paper ratings on FMC. + The negative outlook reflects the potential for a lower rating within the next 12 to 24 months if FMC is unable to improve and sustain credit measures at levels we consider appropriate for the current rating. NEW YORK (Standard & Poor's) March 28, 2016--Standard & Poor's Ratings Services today revised its outlook on Philadelphia-based chemical company FMC Corp. to negative from stable. At the same time, we affirmed the '###' corporate credit and senior unsecured debt ratings on FMC. We also affirmed our 'A-2' short-term corporate credit and commercial paper ratings on the company....

  
Report Type:

Ratings Action

Ticker
FMC
Issuer
FMC Corp.
GICS
Fertilizers & Agricultural Chemicals (15101030)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "FMC Corp. Outlook Revised To Negative On Weakened Credit Metrics; 'BBB' Long-Term And 'A-2' Short-Term Ratings Affirmed" Mar 28, 2016. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/FMC-Corp-Outlook-Revised-To-Negative-On-Weakened-Credit-Metrics-BBB-Long-Term-And-A-2-Short-Term-Ratings-Affirmed-1604425>
  
APA:
S&P Global Ratings’ Credit Research. (). FMC Corp. Outlook Revised To Negative On Weakened Credit Metrics; 'BBB' Long-Term And 'A-2' Short-Term Ratings Affirmed Mar 28, 2016. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/FMC-Corp-Outlook-Revised-To-Negative-On-Weakened-Credit-Metrics-BBB-Long-Term-And-A-2-Short-Term-Ratings-Affirmed-1604425>
  
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