S&P downgrades ICL’s international rating
Published by Angharad Lock,
Digital Assistant Editor
World Fertilizer,
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.
For more information, click here.
Read the article online at: https://www.worldfertilizer.com/potash/02112016/sp-downgrades-icls-international-rating/
You might also like
SABIC and Maaden agree to explore collaboration opportunities
SABIC AN and Maaden have agreed to a Saudi Arabian fertilizer collaboration exploring collaboration opportunities within the fertilizer value chain, as reported by Argus Media.