VCP Gets Issuer Rating

VCP Gets Issuer Rating

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Moody's has assigned a Baa3 (stable) issuer rating to Votorantim Celulose e Papel (VCP) to reflect its position as one of the lowest cost pulp producers globally. The agency praises VCP’s long-term sustainable business model, depicted by structural cost advantages against most international peers, including substantial self-sufficiency in wood fiber and electricity, as well as efficient logistics. “The ratings also benefit from the liquidity provided by the company's large timberland holdings an

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