Moscow, Russia, June 1, 2018 – EuroChem Group AG announces that RAEX rating agency (Expert RA) has awarded the Group’s MCC EuroChem subsidiary a credit rating of ruA+, with stable outlook.
The Russian national credit rating allows JSC MCC EuroChem to continue participating in the rouble bond market. Given the critical importance and amount of its assets, as well as the operating cashflow of this subsidiary, the rating agency was commissioned to evaluate solvency of MCC EuroChem based on Group’s consolidated reporting.
According to EuroChem’s consolidated IFRS reporting, assets of the company at the date of reporting amounted to US$ 9.9bn, while capital amounted to US$ 4.4bn. 2017 revenue was US$ 4.9bn, and net profit amounted to US$ 453m.
More information on the Expert RA rating process of MCC EuroChem is available at the website of the agency.
About EuroChem Group AG
EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers, as well as certain industrial and mining products. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began potash production at its Usolskiy mine in early 2018, and continues to develop a second greenfield site at VolgaKaliy in Russia. Headquartered in Zug, Switzerland, the Group operates production facilities in Europe, Asia and the CIS, employing more than 26,000 people.
Our customers benefit from our extensive global sales network of carefully selected partners and distributors across all major markets. Our regional sales teams provide customers with a broad portfolio of crop nutrition solutions and services. EuroChem’s portfolio comprises a wide array of products for every application, including fertigation, foliar or field, from standard products to our premium Nitrophoska® family and innovative stabilized fertilizer series such as ENTEC® and UTEC®.
For more information, please visit http://www.eurochemgroup.com or contact:
Head of Corporate Finance and Treasury
EuroChem Group AG
Head of Communications
EuroChem Group AG
Head of Public Relations