Fitch affirms EuroChem Mineral

Fitch Ratings said it affirmed OJSC EuroChem Mineral and Chemical Co.'s long-term issuer default rating and senior unsecured debt rating at BB and short-term issuer default rating at B.

The outlook has been revised to negative from stable.

The ratings reflect a view that Eurochem's financial profile does not provide much headroom for a further deterioration in market conditions, Fitch said, or for additional spending outside its planned investment program.

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