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PhosAgro Gets BB+/Positive Rating from Standard & Poor’s

22 February 2013
Moscow – PhosAgro (or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that Standard & Poor’s has assigned the Company a BB+ long-term corporate credit rating with a positive outlook.

In January 2013 Moody’s Investor Service assigned PhosAgro an investment-grade long-term Issuer Rating of ‘Baa3’ with a Stable outlook.  Fitch Ratings assigned the Company a long-term foreign currency Issuer Default Rating (IDR) of ‘BB+’ with a Stable outlook.

The Standard & Poor’s press release announcing the rating and key rating considerations is available at (registration required): http://www.standardandpoors.com/prot/ratings/articles/en/eu/?articleType=HTML&assetID=1245347800353