Standard & Poor's Assigns Tecnisa S.A. a Rating of 'brA-' with a Stable Outlook

SAO PAULO, Brazil, July 22 /PRNewswire-FirstCall/ -- Tecnisa S.A.
(BOVESPA: TCSA3), one of the largest residential developers in Brazil,
operating with an integrated business model that includes development,
construction and sales operations, hereby informs the market that today
Standard & Poor's Ratings Services assigned the Company a corporate credit
rating on the Brazilian National Scale of 'brA-', with a stable outlook.
The rating reflects the significant market share that Tecnisa holds in the
Sao Paulo metropolitan area; the high quality of its projects, which supports
successful presales during the launch phase; and the current favorable
environment in Brazil's real estate market, with the higher availability of
financing at longer terms and lower rates than in the recent past.
The rating's stable outlook reflects the agency's expectations that
Tecnisa will continue to be successful in its expansion strategy, the
acquisition of lots and the launch of new projects, which will mitigate some
of the risks related to the higher working capital needs projected for the
coming years, the geographic concentration of its land bank and the
fluctuations in the residential construction market.
SOURCE Tecnisa S.A.

Tecnisa S.A. Investor Relations: ri@tecnisa.com.br, +55-11-3708-1162,
www.tecnisa.com.br/ri