Fitch Downgrades Suzano

Fitch Downgrades Suzano

Brazil Corporate & Sovereign Strategy

Fitch has lowered Suzano’s ratings to BB minus from BB, it says. Fitch cites higher-than-anticipated net leverage and low pulp prices as among its reasons for the downgrade. Suzano is expected to finish its Maranhao pulp mill at the end of 2013, but

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