Fitch Ratings Revises Outlook on Acron Ratings to Stable
OREANDA-NEWS. October 22, 2010. Fitch Ratings revised its outlook on Acron’s ratings from Negative to Stable. The agency also affirmed Long-term foreign currency Issuer Default Rating (IDR), Long-term local currency IDR and Local currency Senior Unsecured Rating at 'B+'; National Long-term was affirmed at 'A(rus)' and Short-term IDR at 'B'.
Acron is a fast-growing group of interrelated companies and one of the leading global mineral fertiliser producers. The Group’s key business segments include ammonia, nitrogen and complex mineral fertilisers, as well as organic and non-organic compounds.
Acron (Veliky Novgorod), the first company in the Group, was established in 1961. Today, the Group includes three major production facilities, has its own logistics infrastructure and international sales network, and is investing in its own raw material base. The Group employs more than 13,000 people.
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