S&P rates CMPC green notes BBB

S&P said it assigned a BBB issue rating to Inversiones CMPC SA's planned senior unsecured sustainability-linked notes with a 10-year maturity. Inversiones CMPC is a wholly owned financing vehicle subsidiary of Empresas CMPC SA, which is rated BBB.

“The rating on the notes is the same as the issuer credit rating on CMPC, based on the unconditional and irrevocable guarantee for the notes' payment,” S&P said in a press release.

CMPC will use the proceeds for general corporate purposes and to fund, in whole or in part, expenditures and investments in several green projects during the next two years.

“The issuance will, in our view, improve the company's liquidity and amortization profile,” S&P said.

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