Fitch revises Votorantim Cimentos view to negative

Fitch Ratings said it revised Votorantim Cimentos SA’s outlook to negative from stable while affirming the cement company’s long-term foreign- and local-currency issuer default ratings at BBB- and its national scale rating at AAA(bra).

“The change in outlook to negative mirrors that of VCSA’s ultimate parent, Votorantim SA (VSA, BBB-/negative), to which Fitch applies its parent-subsidiary linkage (psl) criteria as described below,” Fitch said in a press release.

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