# OCP: Fitch confirms its BB+ rating then withdraws at the group's request, as OCP prepares to repay its perpetual bonds

> 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.

- Date: 2026-11-14 · published 2026-11-15T09:13:09.932Z
- Category: macro · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/101047-ocp-fitch-confirms-its-bb-rating-then-withdraws-at-the-group-s-request-as-ocp
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

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.

## Read by commodity

- DAP: neutral
- TSP: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-06-20 | [Morocco's OCP plans $7 billion green ammonia plant to avert supply problems \| Reuters](https://feedsoft.ai/events/35822-morocco-s-ocp-plans-7-billion-green-ammonia-plant-to-avert-supply-problems.md) | 0.0% | +12.8% |
| DAP | 2020-04-16 | [Covid-19 and fertilizers: Five things you need to know - CRU Group](https://feedsoft.ai/events/53560-covid-19-and-fertilizers-five-things-you-need-to-know-cru-group.md) | 0.0% | -6.4% |
| DAP | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +7.8% | -3.5% |
| DAP | 2026-04-16 | [Moroccan fertilisers maker OCP raises $1.5 billion in hybrid bond \| Reuters](https://feedsoft.ai/events/20025-moroccan-fertilisers-maker-ocp-raises-1-5-billion-in-hybrid-bond-reuters.md) | -0.7% | +3.8% |
| DAP | 2023-02-16 | [Softening fertilizer prices "a bit of a gift" - Brownfield Ag News](https://feedsoft.ai/events/37644-softening-fertilizer-prices-a-bit-of-a-gift-brownfield-ag-news.md) | -1.7% | -3.4% |

## Sources

- novora24.com: https://novora24.com/ocp-fitch-confirms-bb-plus-withdraws-ratings-perpetual-bonds-repayment-december-2026/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.