Our 'A-' corporate credit rating on FMC Corp. is derived from: Our anchor of 'a-', based on our "strong" business risk and "intermediate" financial risk profile assessments for the company. Our selection of 'a-' as the anchor reflects our belief that FMC's business risk profile is somewhat stronger than peers because of its competitive position and profitability. No modifiers were used. Steadily improving operating performance, particularly in its Agricultural Solutions and Health and Nutrition segments. Strong track record of product development and flexible cost structure in high-growth, stable markets. Above-average and stable profitability. Significant cash generation to fund growth spending and returns to shareholders. Prudent financial policies and a track-record of shareholder-friendly activity. FMC's announcement that it plans to separate
