2018-11-22 05:47:39

Press release: 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.