FMC Corporation -- Moody's downgrades FMC Corp's ratings to Baa2

New York, October 06, 2014 -- Moody's Investors Service downgraded FMC Corporation's long-term rating to Baa2 from Baa1 and confirmed its Prime-2 short-term rating. The downgrade concludes the review initiated on September 9th, prompted by the company's announcement that it entered into an agreement to purchase agricultural chemicals producer Cheminova A/S (Cheminova) of Denmark in an all-cash transaction valued at $1.8 billion, including assumed debt. The transaction is subject to regulatory approvals and is expected to close in the first half of 2015. The outlook is stable.

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