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FMC Corp. Ratings Placed On CreditWatch Negative On Definitive Pact To Acquire Cheminova A/S

Published Sep 09, 2014

1273 words — Published Sep 09, 2014

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Abstract:

FMC Corp. announced it has entered into a definitive agreement to acquire Denmark-based crop protection company Cheminova A/S for about $1.8 billion. We are placing our 'A-' corporate credit and senior unsecured issue ratings on FMC on CreditWatch with negative implications. We are also affirming our 'A-2' short-term corporate credit rating and 'A-2' commercial paper rating. The CreditWatch listing indicates we could lower our ratings based on our assessment of FMC's financial risk profile depending on its permanent financing plan for the acquisition and the timing and proceeds of the proposed Alkali Chemicals divesture. BOSTON (Standard&Poor's) Sept. 9, 2014--Standard&Poor's Ratings Services today placed its 'A-' corporate credit and senior unsecured issue ratings on Philadelphia-based FMC Corp.

Brief Excerpt:

RESEARCH FMC Corp. Ratings Placed On CreditWatch Negative On Definitive Pact To Acquire Cheminova A/S Publication date: 09-Sep-2014 Primary Credit Analyst: Seamus Ryan, CFA, Boston (1) 617-530-8109; seamus.ryan@standardandpoors.com...

Report Type:

Ratings Action

Ticker

FMC

Issuer

FMC Corp.

GICS

Fertilizers & Agricultural Chemicals (15101030)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

FMC Corp. $2 Billion Senior Unsecured Term Loan Rated 'A-' – 2014/10/16 – US$ 150.00

FMC Corp. Long-Term Corporate Credit And Unsecured Debt Rating Lowered To 'BBB+'; 'A-2' Short-Term Rating Affirmed – 2015/02/09 – US$ 150.00

Research Update: FMC Corp. Long-Term Corporate Credit And Unsecured Debt Rating Lowered To 'BBB+'; 'A-2' Short-Term Rating Affirmed – 2015/02/09 – US$ 225.00

FMC Corp. Downgraded To 'BBB' On Weakened Credit Measures, Outlook Stable; Unsecured Debt Rating Lowered To 'BBB' – 2015/12/03 – US$ 150.00

Research Update: FMC Corp. Downgraded To 'BBB' On Weakened Credit Measures, Outlook Stable; Unsecured Debt Rating Lowered To 'BBB' – 2015/12/03 – US$ 225.00

Research Update: FMC Corp. Ratings Placed On CreditWatch Negative On Definitive Pact To Acquire Cheminova A/S – 2014/09/09 – US$ 225.00

Summary: FMC Corp. – 2014/03/13 – US$ 225.00

Bulletin: FMC Corp.'s Plan To Split Into Two Companies Does Not Affect Ratings – 2014/03/10 – Free

FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-' – 2013/11/12 – US$ 150.00

FMC Corp.'s $1.5 Billion Commercial Paper Program Is Rated 'A-2'; 'A-' Corporate Credit Rating Affirmed; Outlook Stable – 2013/06/13 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "FMC Corp. Ratings Placed On CreditWatch Negative On Definitive Pact To Acquire Cheminova A/S" Sep 09, 2014. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/FMC-Corp-Ratings-Placed-On-CreditWatch-Negative-On-Definitive-Pact-To-Acquire-Cheminova-A-S-1358025>

APA:	S&P Global Ratings’ Credit Research. (). FMC Corp. Ratings Placed On CreditWatch Negative On Definitive Pact To Acquire Cheminova A/S Sep 09, 2014. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/FMC-Corp-Ratings-Placed-On-CreditWatch-Negative-On-Definitive-Pact-To-Acquire-Cheminova-A-S-1358025>

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