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Bulletin: Arauco Ratings Unaffected By New Acquisition-Related Contracts Aug 06
Standard & Poors, Aug 2006
Abstract
BUENOS AIRES (Standard & Poor's) Aug. 24, 2006--Standard & Poor's Ratings Services said today that the ratings on forestry company Celulosa Arauco y Constituci-n S.A. (Arauco; BBB+/Stable/--) will not be affected by the recent news that a Chilean investment fund will acquire certain forestry assets in Chile and sign some related contracts with Arauco. A new investment fund (mainly composed of Chilean investment funds and life insurance companies) will be created in Chile to acquire from Forestal Bio-Bio S.A. about 40,000 hectares of high-quality pines in Chile and a small sawmill for about $340 million. Simultaneously, Arauco will sign certain contracts including the following conditions: Arauco will manage the assets and will be the exclusive buyer of the wood production;...
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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