Standard & Poor's Raises Global Rating for Ultrapar Participacoes SA


Thursday, 29 Nov 2012 06:10am EST 

Ultrapar Participacoes SA announced that Standard & Poor's (S&P) raised its global rating of the Company from BBB- to BBB and reaffirmed its local classification of brAAA. According to S&P, ratings assigned to the Company reflect strengthening of the business risk profile, maintenance of the leadership position in the markets it operates and the resilience of its cash flow. The elevation of the credit classification of the Company emphasizes the ability of business cash management of the Company and its solid financial administration and corporate governance 

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