FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-' - S&P Global Ratings’ Credit Research

FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-'

FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-' - S&P Global Ratings’ Credit Research
FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-'
Published Nov 12, 2013
1121 words — Published Nov 12, 2013
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Abstract:

BOSTON (Standard&Poor's) Nov. 12, 2013--Standard&Poor's Ratings Services today assigned its 'A-' senior unsecured debt rating to Philadelphia-based FMC Corp.'s proposed $400 million senior unsecured notes due 2024. FMC will use proceeds of the note offering to repay commercial paper and for general corporate purposes. The existing ratings on FMC, including the 'A-' long-term corporate credit rating and 'A-2' short-term rating, are unchanged. The outlook is stable. The ratings on global chemical producer FMC reflect our expectations that the company's steadily improving operating performance and its prudent approach to growth spending and shareholder rewards will support a financial profile that is consistent with the ratings. The company's focus on its profitable and growing segments should support 10%

  
Brief Excerpt:

RESEARCH FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-' Publication date: 12-Nov-2013 Primary Credit Analyst: Seamus Ryan, CFA, Boston (1) 617-530-8109; seamus.ryan@standardandpoors.com Secondary Contact: James...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Fertilizers & Agricultural Chemicals (15101030)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-'" Nov 12, 2013. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/FMC-Corp-s-Proposed-400-Million-Senior-Unsecured-Notes-Rated-A-1215980>
  
APA:
S&P Global Ratings’ Credit Research. (). FMC Corp.'s Proposed $400 Million Senior Unsecured Notes Rated 'A-' Nov 12, 2013. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/FMC-Corp-s-Proposed-400-Million-Senior-Unsecured-Notes-Rated-A-1215980>
  
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