Moody's: Viver outlook negative

Moody's America Latina said it changed Viver Incorporadora e Construtora SA's outlook to negative from stable.

Moody's said the change was triggered by (a) leverage metric deterioration; (b) margin pressures from contracts cancelation and budget reviews; (c) delays on unit deliveries; and (d) difficulties to close on mortgages transferred to banks in a timely fashion.

The negative outlook also reflects the low likelihood that credit and operating metrics will recover before 2013, the agency said.

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