# Fitch affirms OCP at 'BB+' with stable outlook | World Fertilizer

> Fitch Ratings affirmed OCP S.A.'s long-term issuer default rating at BB+ with a stable outlook and revised its standalone credit profile up to bbb-. The agency cites OCP's market leadership, cost position and a 3 million tonne capacity expansion, with 1 million tonnes commissioned in May 2023. Leverage is expected to stay below 2.7x.

- Date: 2023-10-24 · published 2023-10-24T12:00:00.000Z
- Category: report · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/33964-fitch-affirms-ocp-at-bb-with-stable-outlook-world-fertilizer
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

The rating affirmation signals financial stability at the world's largest phosphate producer, which supports its ability to fund capacity expansion and keep supplying phosphate products.

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/nitrogen/24102023/fitch-affirms-ocp-at-bb-with-stable-outlook/

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