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Prospect News home > News index > List of issuers E > Headlines for Empresas Copec SA > News item |
Fitch affirms Empresas
Fitch Ratings said it affirmed the foreign- and local-currency issuer default rating of Empresas Copec SA at BBB+.
The outlook remains stable.
Fitch said the investment grade ratings reflect the company's strong international presence in the pulp and forestry industry through its subsidiary Celulosa Arauco y Constitucion SA (BBB+), its leading business position in the Chilean fuel distribution market and a favorable financial profile.
The issuer's net debt-to-EBITDA ratio averaged 1.9 times, the agency said.
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