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Empresas Copec S.A. 'BBB+' Rating Affirmed On Stronger Cash Flow And Low Leverage Jul 11
Standard & Poors, July 2011
Good operating performances of E-Copec's largest subsidiaries enhance the company's cash flows. We are affirming our rating on E-Copec at 'BBB+'. The stable outlook reflects our expectation that the company will continue growing its asset base while maintaining very good financial flexibility and prudent leverage. BUENOS AIRES (Standard & Poor's) July 13, 2011--Standard & Poor's Rating Services said today that it affirmed its issuer credit rating on Chilean industrial conglomerate Empresas Copec S.A. (E-Copec) at 'BBB+'. The outlook is stable. "The rating on E-Copec reflects our assessment of a satisfactory business risk profile and intermediate financial risk profile," said Standard & Poor's credit analyst Diego Ocampo. The very good quality of its asset portfolio, its conservative approach toward leverage, prudent...
Companies mentioned in this report are: Empresas Copec S.A.,Celulosa Arauco y Constitucion S.A.,Compania de Petroleos de Chile COPEC S.A.
Action: Outlook: Stable
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Research type: News
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Empresas Copec S.A.,Celulosa Arauco y Constitucion S.A.,Compania de Petroleos de Chile COPEC S.A.