U.S.-based diversified chemicals, seed, and specialty materials company DuPont is acquiring Denmark-based Danisco A/S, a producer of specialty food ingredients and industrial enzymes, for about $7 billion including assumed debt. We are affirming our 'A/A-1' ratings on DuPont and removing them from CreditWatch negative. While the transaction meaningfully increases DuPont's net debt, strong business fundamentals and prudent financial policies should permit the company to restore credit measures to appropriate levels within the next two years. On May 17, 2011, Standard&Poor's Ratings Services affirmed all its ratings on E.I. DuPont de Nemours&Co., including the 'A' corporate credit and senior unsecured debt ratings and 'A-1' commercial paper rating. We removed the ratings from CreditWatch with negative implications where
