Yara receives solid investment grade credit rating
Dec 01, 2004
"The rating emphasizes the solidity and credit standing of our company and is well in line with our stated financial policy of positioning Yara as a mid investment grade company. Yara was demerged from Norsk Hydro earlier this year and has a short history as a separate company. We are pleased that the rating agencies have put emphasis on the strong improvements and financial results delivered since 2000. The rating also gives Yara the necessary financial flexibility for growth initiatives beyond our organic growth target of 3-4% per annum," said Hallgeir Storvik, CFO of Yara International ASA.
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen based chemicals and is the leading supplier of liquid CO2.