On June 6, 2007, Standard&Poor's Ratings Services raised its corporate credit and senior unsecured debt ratings on FMC Corp. to 'BBB' from 'BBB-'. The outlook is stable. The upgrade follows several quarters of strengthening financial results and our expectation that operating performance over a cycle and commitment to credit quality will support the higher ratings. The ratings on FMC reflect a satisfactory business profile derived from leading positions in certain agricultural, specialty, and industrial chemicals markets, and moderate financial policies. Philadelphia, Pa.-based FMC is a global and diversified chemical manufacturer with annual sales of about $2.4 billion. The business mix varies from mature and slower-growth commodity product lines, such as soda ash, peroxygens, and phosphates, to higher value-added
