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Standard & Poor’s and Moody’s Assign Rating to Portucel SA


Tuesday, 7 May 2013 11:45am EDT 

Portucel SA announced that the rating agency Standard & Poor’s Rating Services (S&P) attributed the long term credit rating of BB and the short term credit rating of B to the Company. The rating agency Moody’s attributed a credit rating of Ba3. Both agencies attributed a stable outlook which, in accordance with S&P, reflects the expectation that PORTUCEL’s operational and financial performance will remain relatively resilient to the difficult economic environment over the next two years also referring that it has assessed that PORTUCEL has a low exposure to domestic country risks and, in accordance with Moody’s it reflects the expectation that PORTUCEL will maintain solid credit protection measures. 

Company Quote

3.149
-0.033 -1.04%
19 Sep 2014