S&P affirms Qatar Fertiliser

Standard & Poor's said it affirmed its A+ long-term corporate credit rating on Qatar Fertiliser Co.

The outlook is stable.

S&P said it expects Qatar Fertiliser to proceed with the build-out of its fifth production train, despite higher costs than originally planned.

The agency added that the rating continues to reflect the company's favorable cost position, underpinned by low feedstock prices and strong financial profile, adding that natural gas is Qatar Fertiliser's main raw material and the company's strategic long-term agreement with Qatar Petroleum (AA-/stable) to obtain feedstock at favorable prices therefore constitutes Qatar Fertiliser's main competitive advantage.

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