Fitch affirms EuroChem credit rating
September 10, 2013 – EuroChem today announced that Fitch Ratings has affirmed the company’s Long-term local and foreign currency Issuer Default ratings (IDRs) at ‘BB’; its National Long-term rating at ‘AA-(rus)’; and its Short-term foreign currency IDR at ‘B’.
The ratings reflect EuroChem’s strong product and geographic diversification relative to rated fertiliser peers, its partial vertical integration and its good position on the industry cost-curve. Those strengths underpin its cash flow generation and its capacity to carry out large expansion projects and the recent M&A activity.
The Outlook on all Long-term ratings is Stable.
The full text of the Fitch Ratings press release is available on the agency’s website.