OREANDA-NEWS. On 27 July 2009 was announced, that credit rating agency Standard & Poor's has confirmed “BB” long-term credit rating with a Stable outlook for Mineral and Chemical Co. OJSC (EuroChem), a major Russian fertilizer company. Russian National Scale rating “ruAA” is affirmed.

Major factors supporting S&P’s rating for EuroChem are long-term financial sustainability that underpins solid cash flow and adequate liquidity despite heavy capital expenditure plans, good cost position due to access to inexpensive resources, efficient measures that support volumes, product mix and operating margins, as well as market diversification.

Further increase of EuroChem production capacity and broadening of its product portfolio, such as potash expansion, or material new equity raising could be supportive of rating improvement over time.

The updated report is published in Ratings Direct system and available to S&P subscribers on the link: https://www.creditportal.ratingsdirect.com/spd/showArticlePage.do?rand=IuSw5fyJgA&sid=734949&sind=A&object_id=4143026&rev_id=3&from=SR