{
  "id": 8085681,
  "title": "S&P downgrades Corteva rating on seed business spin-off",
  "url": "https://urgent.news/2026/09/17/s-p-downgrades-corteva-rating-on-seed-business-spin-off",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T19:26:18.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/sp-downgrades-corteva-rating-on-seed-business-spinoff-93CH-4906264"
  },
  "original_language": "en",
  "account": "S&P Global Ratings has downgraded Corteva Inc. from a 'A-' rating to a 'BBB+' rating, citing the upcoming spin-off of its seed business, Vylor Inc. On October 1, 2026, Vylor Inc. is set to become an independent company. S&P also lowered Corteva's ratings on senior unsecured notes and preferred stock to 'BBB+' and 'BBB', respectively. The company's 2025 crop protection revenues were $7.5 billion, and its EBITDA was $1.35 billion. Post-separation, Corteva is projected to become the fourth-largest crop protection company globally. Management targets cash flow from operations ranging from $2.2 billion to $2.6 billion in 2027-2029, with a significant portion allocated to acquisitions, share repurchases, dividends, and capital expenditures.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}