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Summary: Celulosa Arauco y Constituci?n S.A. Sep 11
Standard & Poors, September 2011
Standard & Poor's Ratings Services' 'BBB' ratings on Chile-based forest products company Celulosa Arauco y Constituci-n S.A. (ARAUCO) reflect our assessment of the company's business risk profile as satisfactory and its financial risk profile as intermediate. The company's world-class cost position in forest management and pulp, lumber, and panel production; diversified end markets; and good free cash flow generation ability support our assessment. The ratings also reflect the company's exposure to cyclical commodity risks and its narrow product base. ARAUCO, a wholly-owned subsidiary of Empresas Copec S.A. (BBB+/Stable/--), focuses on forest management and the production and sale of market pulp and wood products. The company operates six pulp mills with an aggregated output capacity of 3.2 million tons of bleached...
Companies mentioned in this report are: Celulosa Arauco y Constitucion S.A.,Empresas Copec S.A.
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Celulosa Arauco y Constitucion S.A.,Empresas Copec S.A.