Standard & Poor's Ratings Services lowered 3M Co.'s (MMM:3m co com
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Last: 47.57-1.63-3.31%
MMM 47.57, -1.63, -3.3%) corporate credit and senior unsecured ratings to AA- from AA and affirmed its short-term credit rating of A-1+. "The downgrade reflects a decline in still very strong debt-protection measures as a result of the weakened global economic environment that has trimmed EBITDA [earnings before interest, taxes, depreciation and amortization] levels along with rising debt levels," said Philip Schrank, an S&P credit analyst. "We do not expect any material deleveraging over the near term given the very difficult global economic outlook, which will continue to pressure profits, and the company's limited debt maturity schedule," he added. The outlook is stable.
Mr. Wildman says Do your own DD
Mr. Wildman says Do your own DD 
