# OCP: Instead of Heeding Fitch's Diagnosis, Management Dismisses the Doctor

> On November 12, Fitch Ratings withdrew all ratings on OCP after the Moroccan phosphate group stopped participating in the rating process. Fitch had affirmed OCP at BB+ with a stable outlook before withdrawing. OCP management argued that the speculative-grade Fitch rating muddies its credit perception, while S&P and Moody's rate it investment grade.

- Date: 2026-11-14 · published 2026-11-14T15:11:01.065Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/99583-ocp-instead-of-heeding-fitch-s-diagnosis-management-dismisses-the-doctor
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

OCP is a major global phosphate fertilizer supplier, so reduced financial transparency and a rating withdrawal may affect investor confidence and financing costs, with limited direct near-term effect on phosphate supply.

## Read by commodity

- DAP: neutral
- TSP: neutral

## Sources

- fr.le360.ma: https://fr.le360.ma/economie/ocp-se-debarrasse-de-fitch-pour-ne-garder-que-les-bonnes-notes_LS7IN3Q3EJAR7EWZ52S5WALSTU/

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