S&P trims K+S ratings

Standard & Poor's said it lowered its long-term corporate credit on K+S AG to BBB from BBB+ and affirmed the short-term corporate credit rating at A-2.

At the same time, S&P removed the ratings from CreditWatch with negative implications.

The downgrade reflects S&P's anticipation that K+S' debt will increase and its credit metrics will weaken over 2014-2016, which has led S&P to revise its financial score to "intermediate" from "modest."

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