31/10/2018

Press release: 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. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began test production at its Usolskiy potash 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.

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