OREANDA-NEWS. Fitch Ratings plans to withdraw the ratings on Australia-based Incitec Pivot Limited (IPL) on or about 31 October 2016, which is approximately 30 days from the date of this non-rating action commentary, for commercial reasons.

Fitch currently rates IPL as follows:

- Long Term Issuer Default Rating (IDR) at 'BBB'; Outlook Stable

- Senior unsecured rating at 'BBB'

- Senior unsecured notes issued by Incitec Pivot Finance LLC (IPF) at 'BBB'

Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market of the rating withdrawal of IPL. Ratings are subject to analytical review and may change up to the time Fitch withdraws the ratings.

Fitch's last rating action for the above referenced entity was on 8 June 2016. Fitch affirmed IPL's Long-Term Issuer-Default Rating and senior unsecured rating at 'BBB'. The Outlook remained Stable. The senior unsecured notes issued by IPF, due in 2019, were also affirmed at 'BBB'. The Outlook was Stable. IPF is a subsidiary of IPL and its debt is guaranteed by IPL and several of IPL's subsidiaries.