S&P affirms Cimpor rating, Portugal

S&P affirms Cimpor rating, Portugal
Published: 01 September 2011

Cimpor announced that Standard & Poor’s affirmed the corporate credit ratings of the company as long-term “BBB-” and short-term “A-3”, maintaining their stable outlook.

Apart from considering “adequate” the company liquidity, Standard & Poor’s now qualifies Cimpor’s risk as with “low exposure” to the Portuguese sovereign one. This means Cimpor rating can be up to six or five “notches” above Portugal, depending on the country being investment grade or not.