S&P lifts Iansa

Standard & Poor's said it raised is ratings on Empresas Iansa SA to BB+ from BB.

The outlook is positive.

At the same time, the agency said it raised its senior unsecured debt ratings on Iansa Overseas Ltd.'s $100 million 144-A notes, reflecting the corporate credit rating of the guarantor, Iansa.

S&P added that the upgrade is based on Iansa's improved financial profile and stronger coverage ratios derived from a more moderate use of debt and the increase in the company's cash generation.

In addition, the rating on Iansa reflects the inherent risks affecting a commodity business, including price volatility and climatic risk, the agency noted.

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