Fitch rates Dexco BB+

Fitch Ratings said it assigned BB+ foreign currency and local currency issuer default ratings to Dexco SA.

The outlook for the foreign currency issuer default rating is negative, and the outlook for the local currency issuer default rating is negative.

Fitch currently rates Dexco's national scale long-term rating AAA(bra)/stable.

“Dexco's ratings reflect its strong business position in the Brazilian wood panel and building materials industries, as well as its proven ability to generate robust operating cash flows throughout economic cycles,” the agency said in a news release.

“Dexco demonstrates strong financial discipline, underpinned by a long track record of operating with low financial leverage and a strong liquidity position. This has resulted in strong access to both banks and the local capital market.”

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