PhosAgro PJSC: Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro

PhosAgro PJSC (PHOR) PhosAgro PJSC: Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro 04-Apr-2022 / 20:30 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. For Immediate Release 4 April 2022   Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro Moscow - PJSC PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces that Moody's, Fitch and S&P have withdrawn PhosAgro's credit ratings. The basis of the decision was the European Union's ban, introduced on 15 March 2022, prohibiting EU-based rating agencies from assigning credit ratings to Russian companies, as well as a ban on providing rating services to Russian customers. About PhosAgro PhosAgro (www.phosagro.ru) is one of the world's leading vertically integrated phosphate-based fertilizer producers in terms of production volumes of phosphate-based fertilizers and high-grade phosphate rock with a P2O5 content of 39% and higher. PhosAgro's environmentally friendly fertilizers stand out for their high efficiency, and they do not lead to the contamination of soils with heavy metals. The Company is the largest phosphate-based fertilizer producer in Europe (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of high-grade phosphate rock with a P2O5 content of 39%, a top-three producer of MAP/DAP globally, one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia's only producer of nepheline concentrate (according to the RAFP) PhosAgro's main products include phosphate rock, more than 50 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 102 countries spanning all of the world's inhabited continents. The Company's priority markets outside of Russia and the CIS are Latin America, Europe and Asia. PhosAgro's shares are traded on the Moscow Exchange, and global depositary receipts (GDRs) for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.

ISIN:	US71922G2093
Category Code:	MSCH
TIDM:	PHOR
LEI Code:	25340053KRUNNYUWF472
OAM Categories:	2.2. Inside information
Sequence No.:	153527
EQS News ID:	1319901

End of Announcement	EQS News Service