S&P Downgrades ICL's International Rating to BBB- With Stable Outlook

TEL AVIV, Israel, October 27, 2016 /PRNewswire/ --

ICL (NYSE and TASE: ICL) today announced, further to its announcement dated June 20, 2016 (reference number 2016-02-053574), that Standard & Poor's Global Ratings ("S&P") has lowered the company's international corporate credit rating to BBB- with stable outlook. S&P's downgrade primarily reflects the weakened state of the global fertilizers market and follows downgrades to several of ICL's peer companies over the past year. ICL's rating remains investment grade. According to the company's estimate, the impact on its financial expenses will be negligible, if at all.

The full S&P rating report can be found in the following link:

http://repo.icl-group.com/Lists/ReportsManagement/Immediate%20Reports/2016/SP%20Downgrades%20ICL's%20International%20Rating%20to%20BBB%20-%20With%20Stable%20Outlook%20-%20October%2027,%202016.pdf

Name of the authorized signatory on the report and name of authorized electronic reporter: Lisa Haimovitz

Position: SVP, Global General Counsel and Company Secretary

Signature Date: October 27, 2016

INVESTOR RELATIONS CONTACT
Limor Gruber
Head of Investor Relations, ICL
+972-3-684-4471
[email protected]

PRESS CONTACT
Gadi Ohana
Debby Communications
+972-3-5683000
[email protected]

SOURCE ICL