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Fitch affirmed Moroccan phosphate group OCP at BB+ with a stable outlook, then withdrew its ratings at the company's request. OCP also announced it will redeem all its perpetual subordinated bonds on 23 December 2026.
This is a corporate finance event with little direct effect on phosphate supply or prices, though OCP's financial strength supports its capacity to keep supplying DAP and TSP.
novora24.comNov 14, 2026After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
