| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Intercement Brasil SA > News item |
S&P ups InterCement Brasil
S&P said it raised its ratings for InterCement Brasil SA to CCC from CC and national ratings to brB- from brCC.
InterCement’s proposed exchange failed to get the 85% acceptance rate needed, and S&P said it would’ve viewed the transaction as equivalent to a default.
“We don’t expect default to be a virtual certainty anymore, although we view risks for a default or similar distressed exchange offer in the next 12 months,” S&P said in a press release.
The outlook is negative.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.