Ratings for FMC Corp. reflect an average business profile derived from leading positions in diverse industrial, agricultural, and specialty chemicals businesses, and moderate financial policies that support credit quality. FMC completed the planned divestiture of its remaining shares in FMC Technologies (formerly FMC's oilfield services, food processing systems, and airport equipment businesses) during December 2001. The divestiture reduced business diversity while establishing the remaining chemical business as a more profitable and appropriately leveraged company. With about $2 billion in annual sales, FMC is a global and well-diversified chemical operator with strong market positions in a range of products across three broad product categories: industrial chemicals, agricultural chemicals, and specialty chemicals. The business mix varies from mature and slower-growth commodity product
