Moody's: Fibria unaffected

Moody's Investors Service said that Fibria Cellulose SA's announced equity offering, while a positive development, does not affect the Ba1 global scale corporate family rating given the weak global pulp market and the still high leverage of the company.

Moody's said the company plans to raise R$1.25 billion in order to reduce debt and further shore up its liquidity.

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