Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

VCP-Aracruz Ratings See-Saw

Apr 17, 2009

Moody's has upgraded Aracruz Celulose to Ba1 (negative) from Ba2 and cut Votorantim Celulose e Papel (VCP) to Ba1 (negative) from Baa3 after the latter bought the former for BRL5.42bn. “Despite its excessive leverage...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


  1. Investors raise concerns on LatAm structured finance
  2. Commodities dip raises LatAm growth fears
  3. Debt investor scorecard: Beating the benchmark
  4. Pension funds grapple with investment limits as portfolios swell
  5. Institutional wealth – pension funds: The next generation
Follow us


Poll

How busy will LatAm global-local currency debt issuance be this year?

Vote    


Popular Searches


It’s going to be a tough road for [Maduro]. Given the blow to Chavismo with the death of Chavez, there is a real likelihood of some form of real change in Venezuela.

Kathryn Rooney Vera, Bulltick Capital Markets


Change font size: Switch to default font size Switch to medium font size Switch to large font size

All material is subject to strictly enforced copyright terms & conditions and cannot be repurposed or reproduced. © 2013 Latin American Financial Publications Inc.

Printing isn't available for this page.