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Prospect News home > News index > List of issuers M > Headlines for Mosaic Co. > News item
Published on 6/16/2009 in the Prospect News Investment Grade Daily.

Fitch affirms Mosaic

Fitch Ratings said it has affirmed the investment-grade debt ratings of the Mosaic Co. and its subsidiaries.

According to Fitch, the ratings acknowledge Mosaic's low leverage, a debt to latest 12 months EBITDA ratio of 0.3 times, strong cash position and the company's competitive position within the phosphate and potash fertilizer industry.

The outlook is stable.

Fitch said it has affirmed the following ratings: issuer default rating at BBB; senior secured debt at BBB+; and senior unsecured notes at BBB.

The agency added that it also affirmed Mosaic Global Holdings' issuer default rating at BBB and senior unsecured notes and debentures at BBB.


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