Moody’s Chops Aracruz Rating, VCP Outlook

Oct 16, 2008

Moody's has downgraded the ratings of Aracruz Celulose to Baa3 from Baa2, and subsequently placed on review for downgrade the Baa3 ratings of VCP, with whom Aracruz is planning to merge. The actions come after Aracruz announced losses...

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