OREANDA-NEWS. November 8, 2011. EuroChem today announced that the Standard & Poor’s credit rating agency confirmed EuroChem’s BB/Stable long-term credit rating.

In its report published October 31, 2011, S&P highlighted EuroChem’s adequate liquidity, moderate financial policy, supportive industry trends, and advantageous cost competitiveness as key factors supporting the rating. EuroChem’s significant capex plans and Russia’s country risk were flagged as limiting positive actions in the medium term, while a further broadening of the product portfolio or significant new equity could support a higher rating over time.

S&P’s full report on EuroChem is available from the rating agency at www.standardandpoors.com

EuroChem is a top ten agrochemical company globally by nutrient capacity, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore.

EuroChem’s main manufacturing assets include the Nevinnomysskiy Azot, Novomoskovskiy Azot, Phosphorit, EuroChem – BMU, and Kovdorskiy GOK facilities in Russia and Lifosa in Lithuania. The Group is vertically integrated with activities spanning from mining to fertilizer production, logistics, and distribution. EuroChem holds licenses to develop potash reserves in Russia which entitle it to an estimated fifth-largest volume of potash reserves globally.