Moody’s gives Inversiones CMPC notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to the 10-year senior unsecured sustainability-linked notes to be issued by Inversiones CMPC SA, and fully guaranteed by Empresas CMPC SA.

The outlook is stable.

Proceeds will be used for liability management and other general corporate purposes.

Moody’s said CMPC's Baa3 ratings are supported by the company's market position as one of the world's largest and low-cost pulp producers with integrated paper operations throughout Latin America, its well-balanced revenue source, split into pulp (44%), softys (39%) and biopackaging (17%) in 2020 and an adequate liquidity profile.

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