Fitch Releases Credit Analysis on Empresas CMPC S.A. - CMPC.Business Editors CHICAGO--(BUSINESS WIRE)--June 9, 2003 Fitch has released a Credit Analysis on Empresas CMPC CMPC Classified Matter Protection and Control CMPC Compañia Manufacturera de Papeles y Cartones S.A. CMPC Cisco Multi-Path Channel CMPC Children's Media Policy Coalition CMPC Central Milk Producers Cooperative CMPC Connecticut Minority Purchasing Council S.A. (CMPC). This report covers the rating rationale for Fitch's 'A-' rating of CMPC's senior unsecured foreign and local currency debt. Other sections of the report include a review of the company's financial performance in 2002, a discussion of the credit outlook for the company that includes Fitch's expectations for the company's credit protection measures in 2003, as well as a complete discussion of each of the company's business divisions. CMPC is one of the largest diversified forest product companies in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . In the Southern Cone The term Southern Cone (Spanish: Cono Sur, Portuguese: Cone Sul) refers to a geographic region composed of the southernmost areas of South America, below the Tropic of Capricorn. , CMPC is the largest producer of tissue products, boxboard box·board n. A firm cardboard used for making boxes. and newsprint. The company is the second-largest owner of forests in the Southern Cone and the second-largest producer of market pulp. CMPC had US$1.2 billion of sales in 2002 and US$317 million of EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become . The company is controlled by the Matte family, with a 56% equity stake |
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