Research Update: FMC Corp. Ratings Placed On CreditWatch Negative On Weaker Earnings Guidance, Potential Covenant Amendments - S&P Global Ratings’ Credit Research

Research Update: FMC Corp. Ratings Placed On CreditWatch Negative On Weaker Earnings Guidance, Potential Covenant Amendments

Research Update: FMC Corp. Ratings Placed On CreditWatch Negative On Weaker Earnings Guidance, Potential Covenant Amendments - S&P Global Ratings’ Credit Research
Research Update: FMC Corp. Ratings Placed On CreditWatch Negative On Weaker Earnings Guidance, Potential Covenant Amendments
Published Oct 16, 2026
5 pages (2241 words) — Published Oct 16, 2026
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Crop protection company FMC Corp. announced that its third-quarter 2026 adjusted EBITDA will be markedly weaker than forecast, a $510 million-$565 million deficit including $625 million-$675 million in noncash charges related to commercial pricing actions. Weak demand and limited tolerance of customers to keep high inventory in the channel have hurt FMC?s operating performance. We placed our ratings, including our ?BB+? issuer credit rating, on FMC on CreditWatch with negative implications. The CreditWatch negative indicates a high probability that we will lower our ratings within the next 90 days. FMC?s demand and channel health have been tepid in recent quarters. After increased sales in 2024 and 2025, a new set of charges and commercial actions leads FMC to address elevated

  
Brief Excerpt:

...Crop protection company FMC Corp. announced that its third-quarter 2026 adjusted EBITDA will be markedly weaker than forecast, a $510 million-$565 million deficit including $625 million-$675 million in noncash charges related to commercial pricing actions....

  
Report Type:

Research Update

Ticker
FMC
Issuer
FMC Corp.
GICS
Fertilizers & Agricultural Chemicals (15101030)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: FMC Corp. Ratings Placed On CreditWatch Negative On Weaker Earnings Guidance, Potential Covenant Amendments" Oct 16, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-FMC-Corp-Ratings-Placed-On-CreditWatch-Negative-On-Weaker-Earnings-Guidance-Potential-Covenant-Amendments-3645231>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: FMC Corp. Ratings Placed On CreditWatch Negative On Weaker Earnings Guidance, Potential Covenant Amendments Oct 16, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-FMC-Corp-Ratings-Placed-On-CreditWatch-Negative-On-Weaker-Earnings-Guidance-Potential-Covenant-Amendments-3645231>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.