Moody's downgrades 3M's senior unsecured ratings to A2; outlook negative
Moody's Investors Service (Moody's) downgraded the senior unsecured ratings of 3M Company's ("3M") to A2 from A1. Moody's also affirmed the company's commercial paper ratings at Prime-1. The outlook is negative. The ratings downgrade was prompted by 3M's announcement on June 22, 2023[1] that it ha...3M is a technology company. The company has four segments: Safety and Industrial, which consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules; Transportation and Electronics, which consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety; Health Care, which includes medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety; and Consumer, which consists of home improvement, stationery and office supplies, home care, and consumer health care.
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