S&P revises EuroChem Group outlook to positive, affirms BB- rating
Zug, Switzerland, November 19, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer producer, announces that S&P Global Ratings has affirmed the Group’s BB- rating and revised its outlook from stable to positive.
In its report, S&P Global Ratings said the improved outlook reflected an expected reduction in capital expenditure following the ramp-up of EuroChem’s two greenfield potash projects at Usolskiy and VolgaKaliy, and a new ammonia production facility in Kingisepp, north-west Russia. The agency also cited recovering prices for fertilizers and a weaker ruble as factors likely to support EuroChem’s operating performance in 2019-2020.
More information on the S&P rating process of EuroChem is available at the website of the agency.
For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Communications EuroChem Group AG
+44 (0) 20 3727 1000
Head of Public Relations MCC EuroChem
Head of Corporate Finance and Treasury EuroChem Group AG