Philadelphia-based FMC Corp.announced that it has closed the transactions with E.I. DuPont De Nemours&Co. whereby FMC is divesting its health and nutrition segment and acquiring a significant portion of DuPont's crop protection business. We are lowering our corporate credit rating on FMC Corp. to 'BBB-' from 'BBB', and removing all ratings from CreditWatch with negative implications. At the same time, we are lowering the senior unsecured debt rating to 'BBB-' from 'BBB' and removing it from CreditWatch with negative implications. The stable outlook reflects the company's track record of successfully integrating a transformational acquisition in the past, along with our expectation that the company will prioritize free cash flow for debt reduction in an effort to improve credit
