20 December 2021
Expert RA Upgrades Acron’s Rating to ruAA-
The rating agency Expert RA has upgraded Acron’s credit rating from ruA+ to ruAA- with a stable outlook.
The agency explained that the upgrade was driven by the Group’s strong financial performance, higher production following modernisation and capacity increases, and favourable conditions on the mineral fertiliser market that allowed the Company to reduce its debt burden in both absolute and relative terms.
Media Contacts:
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Background Information
Acron Group is a leading vertically integrated mineral fertiliser producer in
In 2020, the Group sold 7.8 million tonnes of its main products to 74 countries, with
In 2020, the Group posted consolidated IFRS revenue of RUB 119,864 million (USD 1,661 million), with EBITDA of RUB 35,311 million (USD 489 million). Acron’s shares are traded on the Moscow Exchange and its global depositary receipts are traded at the
For more information about Acron Group, please visit www.acron.ru/en.
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