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Article: Fitch Affirms 'AA+(chl)' & 'A-' Ratings of CMPC; Rates Proposed Issuance 'AA+(chl)'.
- Article from:
- Business Wire
- Article date:
- January 31, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings has affirmed the 'AA+(chl)' national scale rating of Empresas CMPC S.A. (CMPC), as well as the 'A-' local and foreign currency credit ratings. In conjunction with this rating action Fitch has affirmed the 'AA+(chl)' rating of Inversiones CMPC S.A.'s peso-denominated bonds due in 2015 and the 'A-' rating of its U.S.-dollar-denominated notes due in 2013. Fitch has also assigned a rating of 'AA+(chl)' to Inversiones CMPC's proposed issuance of up to 7 million Unidad de Fomento of peso-denominated notes. These notes will be divided into two tranches, one which amortizes over a 30-year period, and the second tranche with a bullet maturity in 2011. ...