Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading producers of phosphate-based fertilizers, announces that the Analytical Credit Rating Agency (ACRA) has affirmed the Company’s creditworthiness and financial stability with a credit rating of AAA(RU) – the highest possible – with a stable outlook.
ACRA’s analysts noted that the rating reflected a very strong assessment of PhosAgro’s operational risk profile. The assessment was also supported the Company’s excellent profitability and debt servicing metrics alongside its strong liquidity and solid debt position. ACRA also stressed that PhosAgro’s corporate governance system complies with best international practices.
ACRA’s full
press release is available here.