S&P: Potash Corp. of Saskatchewan view now negative

S&P said it revised its outlook on Potash Corp. of Saskatchewan Inc. to negative from stable and affirmed its BBB+ long-term corporate credit and senior unsecured debt ratings, its A-2 global short-term and commercial paper ratings and its A-1(Low) Canadian scale CP rating, on the company.

“By our estimate, PotashCorp's annual cash flow metrics have weakened due to our expectation that the current weakness in fertilizer prices will persist throughout our 2017-2019 cash flow forecast period. We expect prices for nitrogen, and phosphate will remain anchored near current levels, due to significant capacity additions,” S&P said in a news release.

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