--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200626-phosagro-confirms-first-class-borrower-status/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # PhosAgro confirms first-class borrower status Publication Date: 2020-06-26T11:00:06-04:00 Last Updated: 2020-06-25T14:44:11-04:00 Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![PhosAgro confirms first-class borrower status](https://www.fertilizerdaily.com/wp-content/uploads/2020/06/fosagro.jpg) The company won't face default. Standard & Poor’s Global Ratings has affirmed PhosAgro’s investment-grade in the foreign and national currency Credit Rating of BBB- with a stable outlook. S&P reports that the stable outlook for the company reflects the agency’s opinion that PhosAgro’s credit metrics will remain commensurate with current ratings. The adjusted debt to EBITDA will be lower 2x, and the ratio of operating funds to debt will be higher 45%. The stable outlook also reflects S&P’s view that the company will maintain its leading positions in segments of nitrogen and phosphate fertilizers. “The confirmation of the company’s status as a high-class borrower by one of the most respected global agencies indicates PhosAgro’s fundamental stability and high financial discipline,” noted PhosAgro CEO Andrey Guryev. Tags: [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.