Fitch assigns Votorantim notes BBB-

Fitch Ratings said it has assigned a BBB- rating to Votorantim Participacoes SA's proposed notes due in 2019.

These notes will be issued through Votorantim's subsidiary Voto-Votorantim Overseas Trading Operations V Ltd. and are guaranteed jointly and severally, unconditionally and irrevocably by Votorantim, as well as its subsidiaries Votorantim Cimentos Brasil SA and Companhia Brasileira de Aluminio, the agency noted.

The proceeds of the transaction will be used to repay existing debt, Fitch said, adding that it downgraded VPAR's foreign currency issuer default rating to BBB- from BBB and its national-scale rating to AA+ (bra) from AAA (bra) on Sept. 11.

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