Moody’s, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro
Moscow – PJSC PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that Moody’s, Fitch and S&P have withdrawn PhosAgro’s credit ratings. The basis of the decision was the European Union’s ban, introduced on 15 March 2022, prohibiting EU-based rating agencies from assigning credit ratings to Russian companies, as well as a ban on providing rating services to Russian customers.