New York, December 11, 2015 -- Moody's Investors Service has today placed Votorantim Cimentos S.A.'s Baa3 senior unsecured rated debt and issuer rating under review for downgrade. The rating action follows Moody's rating action on December 09, 2015 that placed Brazil's Baa3 government bond rating under review for downgrade. The review will focus on the result of Brazil's government bond rating review process and on Votorantim Cimentos' credit metrics, liquidity, foreign-exchange exposure and its links with the Brazilian economy.
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