# Fitch Upgrades Outlook for Morocco’s Fertilizer Giant OCP

> Fitch upgraded OCP's long-term issuer default rating from bb to bb+ with a positive outlook, citing its competitive position as a top-three phosphate fertilizer producer. Fitch also projects record EBITDA of MAD 50 billion, helped by China restricting fertilizer exports.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: report · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/39465-fitch-upgrades-outlook-for-morocco-s-fertilizer-giant-ocp
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

The upgrade reflects strong expected profits from tight fertilizer supply, signalling that phosphate prices are expected to stay elevated, though Fitch sees them easing in 2023 and 2024.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2026-04-07 | [Semi-Annual Global Fertilizer Outlook - Rabobank](https://feedsoft.ai/events/20027-semi-annual-global-fertilizer-outlook-rabobank.md) | +0.7% | +5.9% |
| DAP | 2026-08-26 | [Fertilizer Outlook Mixed Heading ... \| Syngenta CA](https://feedsoft.ai/events/17862-fertilizer-outlook-mixed-heading-syngenta-ca.md) | -0.6% | +0.9% |
| DAP | 2025-04-28 | [RaboResearch’s 2025 Global Fertilizer Outlook: Prices Up, Affordability Down](https://feedsoft.ai/events/25031-raboresearch-s-2025-global-fertilizer-outlook-prices-up-affordability-down.md) | 0.0% | +3.5% |
| DAP | 2020-12-10 | [Rabobank provides semi-annual global fertilizer outlook \| World Fertilizer](https://feedsoft.ai/events/49586-rabobank-provides-semi-annual-global-fertilizer-outlook-world-fertilizer.md) | 0.0% | +2.8% |
| DAP | 2022-10-08 | [Global Fertilizer Price Updates: September’ 2022 -](https://feedsoft.ai/events/39446-global-fertilizer-price-updates-september-2022.md) | 0.0% | -3.8% |

## Sources

- moroccoworldnews.com: https://www.moroccoworldnews.com/2022/10/40174/fitch-upgrades-outlook-for-moroccos-fertilizer-giant-ocp/

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