MOS · News · 20260804N

Liquidity and Debt Position

MOSAIC CO · 2026-08-04 · Importance 71 · Surprise 60

S&P Global Ratings affirmed Mosaic’s BBB issuer credit rating but changed its outlook to negative from stable on August 6, 2026. S&P expects funds from operations to debt to fall below 20% in 2026 because elevated sulfur and ammonia costs are compressing phosphate margins. The agency projected a $400 million to $500 million discretionary cash-flow deficit that could increase Mosaic’s debt. Mosaic is emphasizing cost control, lower capital expenditures and liquidity preservation in response.

Key facts

• California State Teachers Retirement System boosted its position in The Mosaic Company by 22.2% in the undefined quarter and owned 366,466 shares after purchasing an additional 66,608 shares during the quarter. source