Moody’s lowers CF Industries to Baa3

Moody's Investors Service said it downgraded CF Industries, Inc.’s ratings to Baa3 from Baa2 due to the deterioration in industry conditions that are expected to persist for longer than previously expected.

Moody's expects CF's credit metrics to weaken as a result of lower prices and increasing market volatility as new nitrogen capacity is starting up in North America.

The ratings were placed on review for possible further downgrade.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.