Fitch Ratings Places Brazilian Corporates on Rating Watch Negative.Business Editors CHICAGO--(BUSINESS WIRE)--Aug. 2, 2002 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has placed the foreign currency ratings of several Brazilian corporates on Rating Watch Negative. The rating action follows the placement of Brazil's sovereign foreign and local currency ratings on Rating Watch Negative on August 1, 2002. The corporate actions reflect increased country risk and unfavorable market conditions for Brazilian companies This is a list of major companies based in Brazil. Please note that the list is highly incomplete and does not have thousands of companies of different sizes. Links should only point to the Wikipedia article, and not to a web page URL. , who face tighter liquidity and greater refinancing risk In banking and finance, refinancing risk is the possibility that a borrower cannot refinance by borrowing to repay existing debt. Many types of commercial lending incorporate bullet payments at the point of final maturity; often, the intention or assumption is that the borrower under the current volatile environment. Fitch will continue to closely monitor the developments in Brazil as well as other factors that may affect the operating environment and credit risk of Brazilian companies. Corporate Ratings Placed on Rating Watch Negative: Alcoa Aluminio S.A. --Foreign Currency 'B+' Rating Watch Negative. Aracruz Celulose S.A. --Foreign Currency 'B+' Rating Watch Negative. Companhia de Bebidas das Americas S.A. (Ambev) --Foreign Currency 'B+' Rating Watch Negative. Companhia Petrolifera Marlim --Foreign Currency 'B+' Rating Watch Negative. Companhia Siderurgica Nacional S.A. (CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ) --Foreign Currency 'B+' Rating Watch Negative. Companhia Siderurgica de Turbarao S.A. (CST CST abbr. 1. Central Standard Time 2. convulsive shock treatment CST Central Standard Time Noun 1. ) --Foreign Currency 'B+' Rating Watch Negative. CSN Island Corp. --Guaranteed Notes 'B+' Rating Watch Negative. MRS MRS - Modifiable Representation System. An integration of logic programming into Lisp. ["A Modifiable Representation System", M. Genesereth et al, HPP 80-22, CS Dept Stanford U 1980]. Logistica S.A. (MRS) --Foreign Currency 'B+' Rating Watch Negative. OPP OPP Opposite OPP Opportunity/Opportunities OPP Office of Pesticide Programs OPP Ontario Provincial Police (Ontario, Canada) OPP Office of Polar Programs (National Science Foundation) Quimica S.A. --Foreign Currency 'B+' Rating Watch Negative. OPP Finance Ltd. --Foreign Currency 'B+' Rating Watch Negative; --Global Notes 'B+' Rating Watch Negative. Petroleo Brasileiro S.A. (Petrobras) -- Foreign Currency 'B+' Rating Watch Negative. Ripasa S.A. Celulose e Papel --Foreign Currency 'B+' Rating Watch Negative. Sadia S.A. --Foreign Currency 'B+' Rating Watch Negative. Samarco Mineracao S.A. (Samarco) --Foreign Currency 'B+' Rating Watch Negative. Tele Norte Leste Participacoes S.A. --Foreign Currency 'B+' Rating Watch Negative. Telemar Norte Leste S.A. --Foreign Currency 'B+' Rating Watch Negative. Trikem S.A. --Foreign Currency 'B+' Rating Watch Negative. |
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