REG-PhosAgro PJSC PhosAgro PJSC: Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro

PhosAgro PAOAnnouncement

04/04/2022 18:45

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   PhosAgro PJSC (PHOR)
   PhosAgro PJSC: Moody's, Fitch and S&P Withdraw Credit Ratings from Russian
   Companies, Including PhosAgro

   04-Apr-2022 / 20:30 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   For Immediate Release 4 April 2022

                                        

   Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies,
   Including PhosAgro

   Moscow - PJSC PhosAgro  (Moscow Exchange, LSE: PHOR),  one of the  world's
   leading  vertically  integrated   phosphate-based  fertilizer   producers,
   announces that Moody's,  Fitch and  S&P have  withdrawn PhosAgro's  credit
   ratings.  The  basis  of  the  decision  was  the  European  Union's  ban,
   introduced on 15  March 2022,  prohibiting EU-based  rating agencies  from
   assigning credit  ratings  to Russian  companies,  as  well as  a  ban  on
   providing rating services to Russian customers.

   About PhosAgro

   PhosAgro (www.phosagro.ru)  is  one  of  the  world's  leading  vertically
   integrated phosphate-based  fertilizer producers  in terms  of  production
   volumes of phosphate-based fertilizers and high-grade phosphate rock  with
   a P2O5  content of  39% and  higher. PhosAgro's  environmentally  friendly
   fertilizers stand out for their high  efficiency, and they do not lead  to
   the contamination of soils with heavy metals.

   The Company is the largest  phosphate-based fertilizer producer in  Europe
   (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest  producer
   of high-grade  phosphate rock  with a  P2O5 content  of 39%,  a  top-three
   producer of  MAP/DAP  globally,  one  of the  leading  producers  of  feed
   phosphates (MCP) in Europe, and the only producer in Russia, and  Russia's
   only producer of nepheline concentrate (according to the RAFP)

   PhosAgro's main products include  phosphate rock, more  than 50 grades  of
   fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate,  which
   are used  by  customers in  102  countries  spanning all  of  the  world's
   inhabited continents. The Company's priority markets outside of Russia and
   the CIS are Latin America, Europe and Asia.

   PhosAgro's shares are traded on the Moscow Exchange, and global depositary
   receipts (GDRs) for shares trade on  the London Stock Exchange (under  the
   ticker PHOR). Since 1 June 2016, the Company's GDRs have been included  in
   the MSCI Russia and MSCI Emerging Markets indexes.

    

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   ISIN:           US71922G2093
   Category Code:  MSCH
   TIDM:           PHOR
   LEI Code:       25340053KRUNNYUWF472
   OAM Categories: 2.2. Inside information
   Sequence No.:   153527
   EQS News ID:    1319901


    
   End of Announcement EQS News Service

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