E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers P > Headlines for PJSC PhosAgro > News item
Published on 12/26/2017 in the Prospect News Emerging Markets Daily.

S&P affirms PhosAgro

S&P said it affirmed the BBB- long-term corporate credit rating on PJSC PhosAgro.

The outlook is negative.

The agency also affirmed the BBB- issue rating on the $500 million loan participation notes issued by PhosAgro Bond Funding DAC. The notes are guaranteed by Apatit JSC and PhosAgro-Cherepovets JSC, which were merged in November.

S&P said it affirmed the ratings because it expects that, after the expected peak of adjusted leverage of around 2.1x at the end of 2017, PhosAgro will gradually deleverage to below 2.0x in 2018 and around 1.5x in 2019.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.