Fitch views Votorantim, unit positively

Fitch Ratings said it changed the outlook for Votorantim SA (VSA) and its subsidiary Votorantim Cimentos SA to positive from stable and affirmed their BBB- ratings.

“The positive outlook reflects the expectation of strengthening in VSA's business and credit profiles as a result of greater portfolio diversification with increasing exposure to developed markets or sectors with more stable cash flow generation and stronger growth prospect, such as energy, consumer, real state and infrastructure,” Fitch said in a press release.

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