Fitch Ratings affirms Votorantim Cimentos at "BBB-" (LT Int. Scale (local curr.) credit rating); outlook negative

April 19, 2017 - CBonds

 

Fitch Ratings affirmed the "BBB-" LT Int. Scale (local curr.) credit rating of Votorantim Cimentos on April 18, 2017. The outlook is negative.
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Issuer: Votorantim Cimentos
Issuer profile:
Founded in 1936, Votorantim Cimentos is one of the world’s top ten manufacturers of cement, concrete and aggregates. In Brazil it is the market leader, with 40 production units located in almost ever... more
Outstanding issues:
2 issuesUSD1,750,000,000
2 issuesEUR1,150,000,000
5 issuesBRL4,050,000,000
Issuer rating:
Moody's Investors ServiceBa2/NegativeLT- foreign currency02/26/2016
S&P Global RatingsBB+/NegativeForeign Currency LT09/01/2016
S&P Global RatingsBB+/NegativeLocal Currency LT09/01/2016
Fitch RatingsBBB-/NegativeLT Int. Scale (foreign curr.)04/18/2017
Fitch RatingsBBB-/NegativeLT Int. Scale (local curr.)04/18/2017