Fitch rates Votorantim Cimentos add-on BBB-

Fitch Ratings said Votorantim Cimentos SA's reopening of its bond due 2041 will carry the same BBB- rating as the original deal.

These bonds have been guaranteed by Votorantim Participacoes SA and Votorantim Industrial SA.

The reopening is an additional offering of the $750 million 7.25% bond due April 5, 2041.

The proceeds will be used for general corporate purposes, including the repayment of existing debt.

Votorantim Participacoes currently has a foreign-currency issuer default rating of BBB-, local-currency issuer default rating of BBB- and national scale rating of AA+ (bra).

Votorantim Industrial has a foreign-currency issuer default rating of BBB-.

Votorantim Cimentos has a foreign-currency issuer default rating of BBB-, BBB- rating on its senior unsecured note due 2017 and BBB- rating on its senior unsecured bond due 2041.

The outlook is positive

The ratings continue to reflect the strong, long-term underlying fundamentals of the company's industrial businesses, Fitch said.

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