New York, October 14, 2016 -- Moody's Investors Service, ("Moody's") downgraded CF Industries, Inc. 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.
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