S&P Notes Rising CMPC Leverage

S&P Notes Rising CMPC Leverage

Chile

S&P has cut Chile-based CMPC and its wholly owned subsidiary, Inversiones CMPC, to BBB+ (negative outlook) from A minus and removed them from credit watch amid concerns over rising leverage and aggressive expansion. CMPC was put on credit watch with negative implications September 23 after it said it was acquiring Guaiba, a unit of Brazilian pulp and paper producer Aracruz Celulose. “The rating action reflects the company's weakening financial risk profile as a result of significant debt inc

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