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PhosAgro’s S&P Credit Rating Confirmed

29 April 2014
Moscow – PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that Standard & Poor’s has confirmed the Company’s credit rating at the same level as Russia’s revised sovereign credit rating of BBB-, and has revised PhosAgro’s credit rating outlook from “stable” to “negative”.