|
|
 |
|
Viewing report
|
|
|
|
Alto Paran? S.A. 'BB-' Rating Affirmed And Off CreditWatch; Outlook Stable May 10
Standard & Poors, May 2010
Abstract
Argentina's Court of Appeals ('C-mara de Apelaciones') recently granted Alto Paran- an injunctive action ('Medida Cautelar') under which the company would not be obliged to pay a tax claim until the controversy is resolved in court. We are affirming Alto Paran-'s 'BB-' issuer credit rating and removing it from CreditWatch with negative implications where it was placed on Feb. 10, 2010. The outlook is stable. We believe that, even if the Court rules against Alto Paran-, the company would still be able to pay the disputed tax through a combination of internal and external resources without significantly affecting its stand-alone credit quality and main financial metrics, while maintaining credit metrics commensurate with its stand-alone credit quality. BUENOS AIRES (Standard &...
Companies mentioned in this report are: Alto Parana S.A.,Argentina (Republic of) (Unsolicited Ratings),Celulosa Arauco y Constitucion S.A.
Action: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch
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.
|
|
|
|
