New York, October 25, 2016 -- Moody's Investors Service, ("Moody's") placed the Baa1 ratings of The Mosaic Company under review for downgrade due to the decline in fertilizer industry conditions that are anticipated to persist into 2018 at a minimum. Moody's expects that the lower fertilizer prices will result in weaker earnings in 2017 which will stress credit metrics that could decline beyond what would be appropriate for the Baa1 rating.
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