EuroChem Group AG is rated BB (stable) by Fitch
Zug, Switzerland, October 31, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer producer, announces that Fitch Ratings has affirmed the Group’s BB rating and revised its outlook from negative to stable.
In its report, Fitch said the improved outlook reflected an anticipated fall in EuroChem’s adjusted net leverage following debt repayments after a period of high capital expenditure, and more favorable market momentum for fertilizers.
More information on the Fitch rating process of 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.
For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Corporate Finance and Treasury EuroChem Group AG
Head of Communications EuroChem Group AG
+44 (0) 20 3727 1000
Head of Public Relations MCC EuroChem