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BULLETIN: Arauco Ratings Unaffected By Pulp Mill's Restarting Of Operations Aug 05
Standard & Poors, Aug 2005
Abstract
BUENOS AIRES (Standard & Poor's) Aug. 16, 2005--Standard & Poor's Ratings Services said today that Celulosa Arauco y Constituci-n S.A.'s (Arauco, BBB+/Stable/--) recent announcement of the restarting of operations at its Valdivia pulp mill, which had been shut down since early June 2005, does not affect Arauco's current ratings or outlook. The plant is expected to gradually recommence operations, with initial production levels of about 440,000 tons per year that could increase up to 550,000 tons by the end of the first quarter of 2006. At the same time, Arauco's Board of Directors approved the start-up of the project to discharge the effluents into a body of water other than the Cruces River. Standard & Poor's has already incorporated into...
Companies mentioned in this report are: Celulosa Arauco y Constitucion S.A.
Action: Bulletin
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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