Our credit view of Votorantim Cimentos reflects its good liquidity, with a strong cash position and committed credit facilities, constrained by its still-low capacity utilization in Brazil.
Our credit view of Votorantim Cimentos reflects its support from the parent company, which enhances its credit profile, offset by its still-low capacity utilization in Brazil.
Our credit view of VC reflects its good business profile, liquidity and improved metrics, balanced by the volatility in the cement industry in Brazil and other emerging markets.
Our credit view of Votorantim Cimentos S.A. reflects its close ties with VSA, good business profile, solid liquidity and strengthened credit metrics, offset by its exposure to Brazil.
The business combination should bring geographic diversification and more revenue in hard currencies through increased cement production capacity in North America.
Our credit view of Votorantim Cimentos S.A., reflecting the rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook and Votorantim's credit metrics.
Votorantim Cimentos S.A’s restructuring aims is to consolidate its overseas investments into a new entity, facilitating VCSA’s further expansion while improving its capital efficiency.
Our credit view of Votorantim Cimentos, reflecting the rating action following the change in the outlook on Brazil's government bond rating to stable from negative.
Our credit view of Votorantim Cimentos S.A., reflecting its leading position in the Brazilian cement market, and its weak operating performance owing to the economic slowdown in Brazil.