S&P Lowers Rtgs on FMC Corp.; Outlook Now Stable - S&P Global Ratings’ Credit Research

S&P Lowers Rtgs on FMC Corp.; Outlook Now Stable

S&P Lowers Rtgs on FMC Corp.; Outlook Now Stable - S&P Global Ratings’ Credit Research
S&P Lowers Rtgs on FMC Corp.; Outlook Now Stable
Published Feb 10, 1998
Published Feb 10, 1998
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NY -- Standard&Poor's CreditWire 2/10/98 -- Standard&Poor's today lowered its ratings on FMC Corp., reflecting a more agressive financial policy than was incorporated into the previous ratings (See list below). The outlook is now stable. The overall business risk profile is average, but with operating performance challenges in agricultural and industrial chemicals sectors. Furthermore, potential industry-wide restructurings in FMC's industrial chemicals markets heightens competitive risks. Financial flexibility is expected to remain constrained despite adequate internal cash generation, as acquisitions and common share repurchases will keep debt levels high. The Chicago, Ill. based company's financial flexibility has been reduced by special charges and divestiture of a profitable business segment. In the fourth quarter of 1997, FMC recorded

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Fertilizers & Agricultural Chemicals (15101030)
Sector
Global Issuers
Country
Region
Format:
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FMC Corp. Ratings Affirmed; Outlook Stable – 2001/03/19 – US$ 150.00

Summary: FMC Corp. – 2001/03/19 – US$ 225.00

Summary: FMC Corp. – 2001/08/06 – US$ 225.00

Summary: FMC Corp. – 2001/08/07 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "S&P Lowers Rtgs on FMC Corp.; Outlook Now Stable" Feb 10, 1998. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Lowers-Rtgs-on-FMC-Corp-Outlook-Now-Stable-81027>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Lowers Rtgs on FMC Corp.; Outlook Now Stable Feb 10, 1998. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Lowers-Rtgs-on-FMC-Corp-Outlook-Now-Stable-81027>
  
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