S&P rates PhosAgro BB+

Standard & Poor's said it assigned a BB+ long-term corporate credit rating to PhosAgro OJSC, along with a ruAA+ Russia national scale rating.

The outlook is positive.

The ratings reflect the company's satisfactory business risk profile and significant financial risk profile, S&P said.

The ratings also consider its high profitability, illustrated by favorable return on capital of more than 25% over 2010 to 2012, the agency said.

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