EuroChem Group requests Fitch withdraw subsidiary’s credit rating
Zug, Switzerland, February 15, 2018 – EuroChem Group AG, a leading global fertilizer company, has requested Fitch Ratings withdraw the credit rating of its Russian subsidiary JSC MCC EuroChem.
The withdrawal, effective immediately, does not affect EuroChem Group AG itself, which continues to be rated by Fitch as ‘BB’ with a Negative Outlook. The move will consolidate the ratings for both EuroChem Group AG and its Russian subsidiary at the Group level.
The full text of the Fitch Ratings statement can be found on the agency’s website.
About EuroChem Group AG
EuroChem is a leading global fertilizer company, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining and hydrocarbon extraction to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, Lithuania, China, Kazakhstan and Russia and employs more than 25,000 people globally.
For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Communications
EuroChem Group AG
Elena Kalinskaya /Leonid Fink
+44 (0) 20 3727 1000
Head of Corporate Finance and Treasury
Head of Public Relations