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Fitch Affirms Usiminas

Dec 19, 2007

Fitch has affirmed the BBB- (stable) foreign and local currency ratings of Brazil's Usiminas and its $500m Global MTN program. "Usiminas' ratings are supported by the company's competitive...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

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