...+ Nufarm expects significantly weaker performance in the year ending July 31, 2018, because of extended dry weather conditions in Australia. The weaker result will exacerbate its already weakened financial profile due to recent acquisitions. + As a result, the company's working capital would be significantly higher than in previous years, further worsening its weak credit metrics amid integration risks in fiscal 2019 for its recently acquired European product portfolio. + As a result, we are revising the outlook on the '##' issuer credit rating on Nufarm to negative from stable, reflecting our view that Nufarm may face challenges in restoring its metrics in line with our expectations for the '##' rating, if there are prolonged dry weather conditions or integration risks associated with Nufarm's recent acquisitions. + At the same time, we are affirming the '##' issuer credit rating, issue ratings, and related recovery ratings on Nufarm and its associated debt. SYDNEY (S&P Global Ratings)...
