--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200708-fitch-confirms-phosagros-business-sustainability/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Fitch confirms PhosAgro’s business sustainability Publication Date: 2020-07-08T07:01:25-04:00 Last Updated: 2020-07-07T17:10:02-04:00 Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Fitch confirms PhosAgro’s business sustainability](https://www.fertilizerdaily.com/wp-content/uploads/2020/07/s1200.jpg) The company generates significant operating flow. Fitch Ratings has affirmed PhosAgro’s long-term default rating in foreign and national currency at “BBB-” with a stable outlook. Fitch noted PhosAgro’s business sustainability and competitive advantages, including the low cost of manufacturing and its own reserves of cadmium-free phosphate raw materials. The agency emphasized that the company generates a significant operating flow even during periods of market volatility. Fitch Ratings also expects the adjusted EBITDA margin to remain above 30% for the next four years. The agency predicts PhosAgro’s sustainability to improve in the medium term, as the company plans to increase the share of high-margin complex fertilizers relatively to less-margin monoammonium phosphate and diammonium phosphate. “We are constantly improving our efficiency to feel confident even during periods of volatility and uncertainty in the market. Investment-grade credit ratings from three leading rating agencies confirm the effectiveness of our business model, strategy and financial policy,” said 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.