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Fitch Ratings affirmed the long-term rating of OCP, the Moroccan state-owned phosphate group, at BB+ with stable outlook before withdrawing all its ratings. The agency said the withdrawal followed the group's decision to stop participating in the rating process, not any downgrade.
Losing public ratings can narrow the group's investor base and raise funding costs, while Fitch cited higher sulfur and ammonia costs from Middle East tensions that squeeze phosphate fertilizer margins and demand.
detafour.comبقلم detafourNov 15, 2026After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.
