Research Update: 3M Co. Ratings Affirmed Following Revision Of Financial Risk Profile And Financial Policy Modifier; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: 3M Co. Ratings Affirmed Following Revision Of Financial Risk Profile And Financial Policy Modifier; Outlook Stable

Research Update: 3M Co. Ratings Affirmed Following Revision Of Financial Risk Profile And Financial Policy Modifier; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: 3M Co. Ratings Affirmed Following Revision Of Financial Risk Profile And Financial Policy Modifier; Outlook Stable
Published Nov 19, 2015
7 pages (2371 words) — Published Nov 19, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We are revising our assessment of 3M's financial risk profile to "modest" from "minimal" and are revising our assessment of the company's financial policy modifier to "neutral" from "negative" to align our assessments with our forecast for the company. We are affirming all of our ratings on 3M Co., including our 'AA-' corporate credit rating. The stable outlook reflects our view that the company's solid profitability and strong free cash flow will allow it to maintain credit measures that are consistent with our forecasted levels. On Nov. 19, 2015, Standard&Poor's Ratings Services affirmed all of its ratings on 3M Co., including our 'AA-' corporate credit rating. The outlook is stable. The affirmation reflects our view that 3M's solid

  
Brief Excerpt:

...We are revising our assessment of 3M's financial risk profile to "modest" from "minimal" and are revising our assessment of the company's financial policy modifier to "neutral" from "negative" to align our assessments with our forecast for the company....

  
Report Type:

Research Update

Ticker
Issuer
GICS
Industrial Conglomerates (20105010)
Sector
Global Issuers , Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: 3M Co. Ratings Affirmed Following Revision Of Financial Risk Profile And Financial Policy Modifier; Outlook Stable" Nov 19, 2015. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-3M-Co-Ratings-Affirmed-Following-Revision-Of-Financial-Risk-Profile-And-Financial-Policy-Modifier-Outlook-Stable-1484538>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 3M Co. Ratings Affirmed Following Revision Of Financial Risk Profile And Financial Policy Modifier; Outlook Stable Nov 19, 2015. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-3M-Co-Ratings-Affirmed-Following-Revision-Of-Financial-Risk-Profile-And-Financial-Policy-Modifier-Outlook-Stable-1484538>
  
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