MOS · News · 20260806N
Liquidity and Debt Position
MOSAIC CO · 2026-08-06 · Importance 71 · Surprise 60 · In source text
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
- S&P expects Mosaic's funds from operations to debt will fall below 20% in 2026. source
- S&P Global Ratings downgraded The Mosaic Co.'s outlook to negative from stable while affirming its BBB issuer credit rating. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | contingent | — | S&P expects Mosaic's funds from operations to debt will fall below 20% in 2026. |