Philadelphia-based FMC Corp. announced that it has signed a definitive agreement 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 placing our ratings, including our 'BBB' corporate credit rating on FMC, on CreditWatch with negative implications. We will resolve the CreditWatch placement when the transaction closes, which we expect will occur in the second half of 2017. On April 3, 2017, S&P Global Ratings placed its 'BBB' corporate credit rating on FMC Corp. on CreditWatch with negative implications. We also placed our issue-level ratings on FMC's senior unsecured debt and commercial paper on CreditWatch with negative implications. The CreditWatch placement follows
