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Fleishman HillardNational
Andrea Donadio
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Rogéria Gomes
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Luciana Navarro
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Updated on 04.11.2015

MídiaReleases

November 04, 2015 - Moody’s upgrades Fibria’s rating to investment grade

São Paulo, November 3, 2015 – The risk-rating agency Moody’s has just updated Fibria’s credit rating from ‘Ba1/Positive’ to ‘Baa3/Stable, effectively giving the company the status of investment grade. According to the agency’s report, the upgrade reflects mainly the financial discipline of Fibria, which has shown the capacity to consistently lower its leverage ratios while maintaining a solid liquidity position.

Another factor cited by Moody’s in its decision to upgrade Fibria’s rating was the expectation of its investment in the expansion project at the Três Lagoas industrial complex while maintaining debt levels that are compatible with an investment grade rating.

“The investment grade rating assigned by Moody’s reinforces Fibria’s credit quality even during a new investment cycle, reflecting the company’s strong cash generation capacity and competitive position in the industry,” said Guilherme Cavalcanti, Fibria’s CFO and IRO.

Fibria had already attained investment grade ratings from Standard & Poor’s in April this year and from Fitch last year.

 

About Fibria

The world leader in eucalyptus pulp production, Fibria is a company that strives to meet the growing global demand for forestry products in a sustainable manner. With annual pulp production capacity of 5.3 million tons, the company has industrial units in the cities of Aracruz (Espírito Santo), Jacareí (São Paulo) and Três Lagoas (Mato Grosso do Sul), and in Eunápolis (Bahia), where it operates the Veracel plant through a joint-operation with Stora Enso. Fibria has 967,000 hectares of forests, with 563,000 hectares of planted forests and 343,000 hectares of environmental preservation and conservation areas. The pulp manufactured by Fibria is exported to more than 40 countries. In May 2015, Fibria announced the expansion of its Três Lagoas unit, which will receive a new line with the capacity to produce 1.75 million tons of pulp per year.

 

More information | FSB Comunicações

Paula Barcellos                               Cindy Correa                                       Fernando Antunes

paula.barcellos@fsb.com.br        cindy.correa@fsb.com.br                  fernando.antunes@fsb.com.br

+55 11 3165-9589                            +55 11 3165-9570                                 +55 11 3165-9612

 

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