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AntarChile S.A. Mar 00
Standard & Poors, March 2000
Abstract
Somewhat Above Average Moderate The corporate credit rating of AntarChile is 'BBB'+. The outlook on the rating is negative. The rating on Antar is supported by the above-average credit profile of its majority owned subsidiary, Copec (BBB+/Negative/--), Chile's largest industrial company, and the world-class cost position of Copec's forest products subsidiary, Celulosa Arauco y Constituci-n (Arauco) (BBB+/Negative/--). These factors are somewhat offset by the volatility of the forest products sector in general and a significant debt burden at the holding-company level. This debt was incurred by Antar in a transaction announced in late Decmember 1999, in which the Angelini Group announced that it would acquire an additional 30.05% interest in Copec from Carter Holt Harvey Ltd. (CHH). This transaction was...
Companies mentioned in this report are: AntarChile S.A.,Empresas Copec S.A.,Celulosa Arauco y Constitucion S.A.
Action: Review
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: Full Analysis
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