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Prospect News home > News index > List of issuers E > Headlines for Empresas Copec SA > News item
Published on 1/20/2006 in the Prospect News Emerging Markets Daily.

Fitch affirms Arauco, Copec

Fitch Ratings said it affirmed the BBB+ foreign and local currency credit ratings of Celulosa Arauco y Constitucion SA (Arauco).

In a related move, Fitch said it has also affirmed Empresas Copec SA's (Copec) BBB+ foreign and local currency ratings. The outlook for all remains stable.

The agency noted Arauco's BBB+ ratings are supported by its strong business position and financial profile.

Fitch added it expects Arauco's 2006 EBITDA to exceed $1.0 billion.


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