FMC Corp. Outlook Revised To Positive On Completion Of Business Transformation, Ratings Affirmed

FMC Corp. has completed the separation of its lithium segment by fully spinning-off Livent Corp., which is the final step in its transformation into an agricultural sciences company. We are revising our outlook on FMC Corp. to positive from stable and are affirming all of our ratings on the company, including the 'BBB-' issuer credit rating. The positive outlook reflects the potential that we will raise our rating on the company in the next one to two years if it continues to improve its EBITDA and, in turn, its credit measures to levels that we consider appropriate for a higher rating. NEW YORK (S&P Global Ratings) March 1, 2019—S&P Global Ratings today took the rating actions listed above. The positive

...+ FMC Corp. has completed the separation of its lithium segment by fully spinning-off Livent Corp., which is the final step in its transformation into an agricultural sciences company. + We are revising our outlook on FMC Corp. to positive from stable and are affirming all of our ratings on the company, including the '###-' issuer credit rating. + The positive outlook reflects the potential that we will raise our rating on the company in the next one to two years if it continues to improve its EBITDA and, in turn, its credit measures to levels that we consider appropriate for a higher rating. NEW YORK (S&P Global Ratings) March 1, 2019--S&P Global Ratings today took the rating actions listed above. The positive outlook reflects the continued strength in the company's agricultural segment as it generated EBITDA of about $1.2 billion in 2018, which is about 15% higher than we initially estimated when the asset swap with DuPont was completed. The strength in FMC's performance was spread across...

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