S&P Global Ratings downgraded DuPont de Nemours Inc.'s issuer credit and senior unsecured ratings to BBB+ from A-, with the ratings remaining on CreditWatch with negative implications.
DuPont's short-term issuer credit rating was affirmed at A-2.
The downgrade reflects the rating agency's expectation of the challenging macroeconomic conditions DuPont will face over the next 12 months and the resulting weakening of credit metrics relative to previous expectations.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.