ICL has announced that Standard and Poor’s Global Ratings has lowered the company’s international corporate credit rating to BBB- with stable outlook.
This announcement follows the weakened state of the global fertilizer market. Several of ICL’s peer companies have also been downgraded recently.
ICL has stated that the company estimates little effect on the company’s financial expenses.
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Read the article online at: https://www.worldfertilizer.com/potash/02112016/sp-downgrades-icls-international-rating/