S&P rates Votorantim Cimentos BBB

Standard & Poor's said it affirmed its BBB global scale and brAAA national scale corporate credit ratings on Votorantim Participacoes SA and Votorantim Industrial SA, which S&P refers to jointly as Votorantim. At the same time, S&P said it is assigning a BBB global scale corporate credit rating to Votorantim Cimentos SA.

The outlooks are stable.

The ratings on Votorantim reflect the group's high revenue base; efficient distribution network; and high brand recognition, particularly in its cement division. S&P said it expects the group to sustain these strengths in the next two years despite strong competition.

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