Fitch: Masisa unchanged

Fitch Ratings said the ratings for Masisa SA remain unchanged following news that the company will acquire two particle board plants in Mexico.

The company has foreign- and local-currency issuer default ratings of BB, short-term rating of F1(cl) and long-term national scale rating of A- (cl).

The transaction will be financed by a $100 million capital increase with the standalone plants priced at $54.2 million plus working capital.

The acquisition is subject to the final approval of the Mexican regulatory bodies.

Fitch said the proposed transaction does not materially impact Masisa's credit profile.

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