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Fitch withdrew all ratings for the OCP Group, the Moroccan phosphate producer, after the company stopped providing information needed for assessment. Before withdrawing, Fitch held a BB+ rating with a stable outlook.
The le360 report cites rising debt, falling sales and four years of weak cash position, while OCP management says Moody's and S&P ratings remain valid.
A loss of rating coverage and reported financial strain could raise OCP's borrowing costs and add uncertainty around its phosphate output and pricing, which matter for DAP and TSP supply to feed-related fertilizer and phosphate chains.
beloud.comLe360Nov 15, 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.
