- Language: English
- Published: October 2012
Cimento Tupi S.A. Assigned 'B' Corporate Credit Rating; Outlook Stable
- Published: April 2011
- Standard & Poors
Cimento Tupi will invest to expand capacity, which is key for the company to sustain and expand its production. We are assigning our 'B' global scale and 'brBBB-' Brazilian national scale corporate credit ratings to Cimento Tupi and also assigning a 'B' rating to its forthcoming senior unsecured notes. The stable outlook reflects our expectation that the proceeds from the note issuance will be used to fully fund the expansion production program. NEW YORK (Standard & Poor's) April 11, 2011--Standard & Poor's Ratings Services said today that it assigned its 'B' global scale corporate credit rating and its 'brBBB-' Brazilian national scale corporate rating to Brazil-based cement company Cimento Tupi S.A. At the same time, we assigned a 'B' rating...
Companies mentioned in this report are: Cimento Tupi S.A.,CP Cimento e Participacoes S.A.
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Cimento Tupi S.A.,CP Cimento e Participacoes S.A.
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