Cmpc at a Step of Losing the Degree of Investment After Cutting Standard & Poor’s

La Tercera

Lean Right

Factuality

Ownership

The decrease in the price of cellulose and investments of $4.6 billion required by the Natureza project in Brazil has not only impacted CMPC’s shares, but the effect on its balance sheet is also beginning to feel its risk classification. On February 11, Standard & Poor’s (S&P) cut its rating to ‘BBB-’ from ‘BBB’, due to slower than expected deleveraging. The drop in the note implies that the Matte group’s wastebasket was set to a step away from …