Moody’s rates EuroChem Ba2

Moody's Investors Service said it assigned a Ba2 corporate family rating and Ba2-PD probability of default rating to EuroChem Group AG.

The outlook is stable.

Moody’s said the Ba2 corporate family rating primarily balances the company’s large scale, diversification and cost competitiveness with an elevated Moody's-adjusted leverage and the execution risks related to its new potash capacity, which heighten the company's exposure to the fertilizer industry's cycles.

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