S&P rates DuPont notes A-

S&P said it assigned its A- rating to E.I. DuPont de Nemours & Co.'s proposed senior unsecured notes. DuPont is issuing the notes and is a wholly owned subsidiary of parent company Corteva Inc.

“We expect the company will use the net proceeds for general corporate purposes, including discretionary contributions toward its U.S. pension plan and to repay other indebtedness. We based the rating on preliminary terms and conditions,” S&P said in a press release.

The A- issuer rating and stable outlook on Corteva and DuPont are unchanged, the agency said.

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