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Article: Fitch Affirms Celulosa Arauco y Constitucion S.A. Ratings at 'BBB+'.
- Article from:
- Business Wire
- Article date:
- January 29, 2008
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CHICAGO -- Fitch Ratings has affirmed the foreign and local currency IDRs of Celulosa Arauco y Constitucion S.A. (Arauco) at 'BBB+'. In addition, Fitch has affirmed the issue ratings of Arauco's bonds due in 2009, 2010, 2011, 2013, 2015 and 2017, as well as the notes due in 2017 that were issued by Arauco's wholly owned Argentine subsidiary Alto Parana at 'BBB+'. The Rating Outlook for all of the ratings remains Stable.
Celulosa Arauco y Constitucion S.A.'s 'BBB+' ratings are supported by its strong business position and financial profile, which are a result of having one of the lowest cost structures in the industry. In 2007, Arauco's cash cost of producing one ...