Loading…
Fitch Ratings downgraded OCP's long-term issuer default rating to BB+ from BBB-, with a negative outlook. The downgrade reflects a MAD 3 billion donation to Morocco's COVID-19 fund and an investment in a hospitality alliance.
The credit downgrade is a corporate finance matter with little direct effect on phosphate supply or prices, though it may signal financial strain that could affect investment capacity.
en.yabiladi.comLatifa BabasMay 14, 2020Not enough comparable past events yet for a historical read.
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.
