Industry | 2015.04.03
Fitch Affirms Votorantim Cimento's Ratings; Outlook Revised to Stable
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the following ratings for Votorantim Cimentos (VCSA): --Foreign currency Issuer Default Rating (IDR) at \'BBB\'; --2017, 2021, and 2041 senior unsecured notes at \'BBB\'. The Rating Outlook is revised to Stable from Negative. KEY RATING DRIVERS Credit Linked to Votorantim Group: Votorantim Cimentos is the key operating subsidiary of Votorantim Industrial S.A. (VID) and has been and continues to be the backbone of its rating. During 2014, Votorant
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