|
|
Article: Fitch Affirms Celulosa Arauco y Constitucion's IDRs at 'BBB+'; Assigns 'AA(chl)' Nat'l Scale Rating.
- Article from:
- Business Wire
- Article date:
- March 19, 2009
CopyrightCOPYRIGHT 2009 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)
|
CHICAGO -- Fitch Ratings affirms Celulosa Arauco y Constitucion S.A.'s (Arauco) Issuer Default Ratings (IDR) and debt ratings as follows:
--Foreign Currency IDR at 'BBB+';
--Local Currency IDR at 'BBB+';
--Senior unsecured debt due in 2009, 2010, 2011, 2013, 2015 and 2017 at 'BBB+';
--Senior unsecured debt due in 2017 issued by Alto Parana S.A. and guaranteed by Arauco at 'BBB+';
--Senior unsecured Chilean peso denominated bond lines due in 2014 and 2029 at 'AA(chl)'.
In conjunction with the rating affirmations, Fitch assigns a national scale rating of 'AA(chl)' to Arauco.