New York, December 11, 2015 -- Moody's Investors Service affirmed the ratings of E. I. du Pont de Nemours and Company (senior unsecured at A3) following the announcement by DuPont and Dow Chemical earlier today of their intent to merge the two companies, restructure the portfolio so as to combine certain business units and pursue synergies across the merged corporation. The companies outlined their plan to split the merged entity into three distinct companies -- Agricultural, Material Science, and Specialty Products -- roughly 18-24 months following the completion of the merger, which is expected to close in the latter part of 2016 and is subject to the normal regulatory approvals. The Commercial paper ratings are also affirmed at Prime-2 at this time. The outlook on the A3 ratings is changed to negative from stable.

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