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Article: Fitch Affirms Empresas Copec S.A.'s IDRs at 'BBB+'.

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Investment Weekly News
Article date:
February 14, 2009
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Fitch Ratings affirms the foreign and local currency Issuer Default Ratings (IDRs) of Empresas Copec S.A. (Empresas Copec) at 'BBB+'. Additionally, Fitch affirms Empresas Copec's national equity rating at 'Level 1'. The Rating Outlook is Stable.

Empresas Copec's ratings reflect the company's strong international presence in the pulp and forestry industry, through its subsidiary Celulosa Arauco y Constitucion S.A. (Arauco, rated 'BBB+' and 'AA(chl)' by Fitch), its leading business position in the Chilean fuel distribution market and a strong financial profile.

Arauco is the most important subsidiary of Empresas Copec, accounting for approximately 75% of ...

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