S&P affirms DuPont

Standard & Poor's said it affirmed E.I. DuPont de Nemours & Co.'s A corporate credit and A-1 commercial paper ratings.

The outlook was revised to stable from negative.

The agency said the company's economic conditions and financial policies will likely cause credit metrics to move into the range considered acceptable for the ratings, including funds from operations to adjusted net debt of 35% to 40%.

The ratings also consider its excellent business risk profile as one of the world's premier chemical, specialty materials and seed producers, with trailing 12-month sales of about $26 billion, the agency said, and an intermediate financial risk profile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.