DBRS Releases Report on Potash Corporation

DBRS has today released a report on Potash Corporation of Saskatchewan Inc. (PCS or the Company) that provides further detail on the recent confirmation of the Company’s BBB (high) Senior Unsecured Debt rating and the R-1 (low) Commercial Paper rating, both with Stable trends.

The Company’s status as the leading producer of potash fertilizers is complemented by a strong U.S.-based phosphate fertilizer/industrial product supply business and a lower-cost nitrogen-based fertilizer/industrial supply business focused on the North American market. This makes PCS, in aggregate, the largest fertilizer enterprise in the world by capacity. PCS’s business lines are underpinned by extensive potash and phosphate rock reserves and access to low-cost natural gas supplies for nitrogen product production.

Notes: The applicable methodology is Rating Mining, which can be found on our website under Methodologies.

The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.