- Language: English
- Published: October 2012
- Region: Brazil
Research Update: Ratings on Ultrapar Participacoes S.A.Affirmed, Outlook Revised to Positive On Stronger Profitability Dec 11
- Published: December 2011
- Standard & Poors
Ultrapar has consistently improved its profitability, and we project that the company will report stable credit metrics despite increased capital expenditures. We are revising our outlook on Ultrapar to positive from stable, while affirming our 'BBB-' corporate credit rating and 'brAAA' national scale rating with a stable outlook. Our positive outlook reflects the possibility of an upgrade if Ultrapar sustains its credit metrics while increasing its capital expenditures and refinancing some of its maturities due late in 2012 and throughout 2013. On Dec. 29, 2011, Standard & Poor's Ratings Services revised the outlook on Brazil-based fuel distribution and petrochemical company Ultrapar Participa--es S.A. (Ultrapar) to positive from stable and affirmed its 'BBB-' corporate credit rating on the company. We revised...
Companies mentioned in this report are: Ultrapar Participacoes S.A.
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Ultrapar Participacoes S.A.