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Bulletin: Celulosa Arauco y Constituci?n S.A. Ratings Unaffected By Fire In Plywood Facility And Tree Plantations Jan 12
Standard & Poors, Jan 2012
Abstract
BUENOS AIRES (Standard & Poor's) Jan. 3, 2012--Standard & Poor's Ratings Services said today that its ratings on Chilean forest company Celulosa Arauco y Constituci-n S.A. (ARAUCO; BBB/Stable/--) are not affected by the damage caused by a fire affecting some of the company's assets in the Bio Bio region. ARAUCO announced that the fire affected its 450,000-cubic-meter Nueva Aldea plywood facility and about 4,000 hectares of plantations. We expect these damages to have a limited impact on the company's profits and cash flow; therefore, our ratings on ARAUCO remain unchanged. The plywood facility contributed $20 million to $40 million in EBITDA annually, depending on prices and margins, and the company owns more than 730,000 hectares of forestry land in Chile....
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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