Diversified U.S.-based chemical producer FMC Corp. is issuing $300 million of notes due 2022 for general corporate purposes including share repurchases. We are assigning a senior unsecured debt rating of 'BBB+' to these notes. At the same time, we are affirming all our existing ratings on FMC Corp. The stable outlook indicates our expectation for continued strong operating performance and a financial profile consistent with the current ratings. On Nov. 17, 2011, Standard&Poor's Ratings Services assigned its 'BBB+' senior unsecured debt rating to FMC Corp.'s proposed offering of $300 million of senior unsecured notes due 2022. At the same time, we are affirming all our existing ratings on FMC, including the 'BBB+' corporate credit and senior unsecured debt
