S&P might lower DuPont

Standard & Poor's said it placed its A- corporate credit rating on E.I. DuPont De Nemours & Co. and the issue-level ratings on its senior unsecured debt and preferred stock on CreditWatch with negative implications.

The action follows DuPont's announcement that it and Dow Chemical Co. signed a definitive agreement under which they will combine in an all-stock merger. The companies also stated that they intend to subsequently pursue a separation of the merged entity, which will be called DowDuPont, into three independent, publicly traded companies through tax-free spin-offs.

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