Fitch rates Acron

Fitch Ratings said it assigned JSC Acron a long-term foreign-currency issuer default rating of B+, long-term local-currency issuer default rating of B+, national long-term rating of A(rus) and short-term issuer default rating of B.

The outlook is negative.

The ratings are supported by Acron's diversified product portfolio with value-added complex fertilizers underpinning strong margins, its access to competitively priced feedstock in Russia and its integrated marketing and distribution operations.

The ratings also capture the proximity of the group's plants to open-sea ports, the agency said, and its focus on asset modernization and upgrades.

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