Moody's comments that Extended Downtime at Guaiba II May Delay CMPC's Deleveraging to 2018
Announcement: Moody's comments that Extended Downtime at GuaÃba II May Delay CMPC's Deleveraging to 2018. Global Credit Research- 11 Aug 2017. New York, August 11, 2017-- Moody's Investors Service comments that the extended downtime at Guaiba II line is credit negative for Empresas CMPC S.A., parent of Inversiones CMPC S.A., because it will reduce the company's total volumes for hardwood pulp by 550,000 tons in 2017, or 17% of the company's total hardwood pulp production capacity.
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