Skip to main content

S&P Global Ratings revises EuroChem’s outlook to positive

Published by
World Fertilizer,


S&P Global Ratings has affirmed EuroChem Group’s BB- rating and revised its outlook from stable to positive.

In its report, S&P Global Ratings said the improved outlook reflected an expected reduction in CAPEX following the ramp-up of EuroChem’s two greenfield potash projects at Usolskiy and VolgaKaliy in Russia, and a new ammonia production facility in Kingisepp, north-west Russia.

The agency also cited recovering prices for fertilizers and a weaker rouble as factors likely to support EuroChem’s operating performance in 2019 – 2020.

Read the article online at: https://www.worldfertilizer.com/nitrogen/20112018/sp-global-ratings-revises-eurochems-outlook-to-positive/

You might also like

 Plant Optimisation 2020

Plant Optimisation 2020

Professionals in the fertilizer sector can tune in from anywhere in the world and learn about the latest fertilizer plant optimisation innovations.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Ammonia news