Fibria Eyes LM, Return to High Grade

Dec 4, 2012

Brazil’s Fibria is aiming to get its leverage below 3.0x by the end of next year, in order to set up a possible upgrade to investment-grade status, its CFO says, with additional liability management operations in the cards for 2013. “We continue to pay down debt. We are not going to issue additional debt. You will see more debt repayment, and we are monitoring the markets for liability management,” Guilherme Cavalanti tells LatinFinance....

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