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People & Business :: Companies

Moody's Raises DuPont Credit Outlook

10:37 AM MST | November 24, 2010 | Vincent Valk

Moody's Investors Service (New York) has raised the credit outlook for DuPont to 'stable' from 'negative.' The move decreases the likelihood of a downgrade in DuPont's 'A2' investment-grade credit rating. Moody's believes that DuPont's credit metrics, such as net debt-to-EBITDA ratio, current about 2.3x, will improve through 2011 and 2012. Strength in the agricultural end market, a weak U.S. dollar, and cost structure improvements, justify the upgrade in outlook, Moody's says. DuPont's size and diverse end markets mitigate risk, the credit agency adds. "The...

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