Morocco’s giant fertilizer manufacturer OCP is set to remain resilient in the face of a market downturn, as fertilizer prices drop in 2023, S&P Global Ratings, an American rating agency, said in a report.
The report indicates that the OCP Group has a strong safety margin to cope with the challenging conditions in the international fertilizer market, according to an S&P report cited by Le360.
The rating agency argues that the OCP Group “should remain resilient in the face of difficult market conditions, maintaining indicators in line with the standalone rating of ‘BBB-‘ and the overall rating of ‘BB+’.”
Source: Morocco World News
