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Moody’s Completes Periodic Review of PhosAgro’s Rating

17 August 2021
Moscow – PJSC PhosAgro (“the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, reports that Moody’s Investors Service (“Moody’s”) has completed a periodic review of the Company’s ratings. 

As the agency noted, the review “does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.”

In its announcement, Moody’s noted in particular that PhosAgro’s existing rating of Baa3 “reflects the company’s (1) strong global market positioning with [an] established presence in the premium-priced complex fertilisers segment; (2) strong profitability through the cycle underpinned by its self-sufficiency in key raw materials [as well as access to its main feedstocks]; and (3) solid financial metrics under its conservative financial policy.” 

PhosAgro currently has the following credit ratings:

- Standard & Poor’s: BBB-/Stable 
- Moody’s: Baa3/Stable
- Fitch: BBB-/Stable