# Instead of Facing the Diagnosis, OCP Management Ends Its Dealings with Fitch

> 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.

- Date: 2026-11-15 · published 2026-11-15T18:26:26.935Z
- Category: macro · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/101692-instead-of-facing-the-diagnosis-ocp-management-ends-its-dealings-with-fitch
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

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.

## Read by commodity

- DAP: neutral
- TSP: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2023-06-20 | [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 | 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

- beloud.com: https://www.beloud.com/news/147461474/Casablanca-Settat/Casablanca/%D8%A8%D8%AF%D9%84%D8%A7-%D9%85%D9%86-%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D8%A7%D9%84%D8%AA%D8%B4%D8%AE%D9%8A%D8%B5..-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%C2%ABOCP%C2%BB-%D8%AA%D9%8F%D9%86%D9%87%D9%8A-%D8%AA%D8%B9%D8%A7%D9%85%D9%84%D9%87%D8%A7-%D9%85%D8%B9-%D9%88%D9%83%D8%A7%D9%84%D8%A9-%C2%AB%D9%81%D9%8A%D8%AA%D8%B4%C2%BB

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