Diversified U.S.-based chemical producer FMC Corp. is issuing $300 million of notes due 2022 for general corporate purposes including share repurchases. We are assigning a senior unsecured debt rating of 'BBB+' to these notes. At the same time, we are affirming all our existing ratings on FMC Corp. The stable outlook indicates our expectation for continued strong operating performance and a financial profile consistent with the current ratings. NEW YORK (Standard & Poor's) Nov. 17, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'BBB+' senior unsecured debt rating to FMC Corp.'s proposed offering of $300 million of senior unsecured notes due 2022. At the same time, we are affirming all our existing ratings on FMC, including...
Companies mentioned in this report are:
- FMC Corp.
- Argentina (Republic of)
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.