07.03.2016 17:53:00
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Portucel, S.A. -- Moody's upgrades Portucel to Ba2, outlook stable
Frankfurt am Main, March 07, 2016 -- Moody's Investors Service, ("Moody's") has today upgraded the Corporate Family Rating ("CFR") of Portucel, S.A. (Portucel) to Ba2 from Ba3 and the Probability of Default Rating ("PDR") to Ba2-PD from Ba3-PD. Concurrently, the instrument ratings of the senior unsecured notes issued by Portucel were upgraded to Ba2 (LGD4) from Ba3 (LGD4). The outlook is stable.