Klabin S.A. 'BB+' Corporate Credit Rating Affirmed Based On Strong Liquidity Dec 11
Standard & Poors, December 2011
Abstract
Klabin's liquidity remains strong and is an important mitigating factor for its leveraged financial profile on a gross-debt basis. We are affirming our ratings, including the 'BB+' corporate credit rating on Klabin. The stable outlook continues to be based on our assumption that Klabin will not increase leverage on a net-debt basis and that its liquidity will remain strong. SAO PAULO (Standard & Poor's) Dec. 27, 2011-- Standard & Poor's Ratings Services said today that it affirmed its 'BB+' corporate credit rating on Brazil-based packaging paper company Klabin S.A. The outlook remains stable. The ratings on Klabin reflect our opinion of its "satisfactory" business profile and "significant" financial profile, as our criteria define those terms. The company is a leading...
Companies mentioned in this report are: Klabin S.A.
Action: Affirmed
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.
Klabin S.A.
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