Brazilian civil engineering firm Camargo Corrêa has issued US$250m in senior unsecured bonds on international markets, local daily Valor Econômico reported. Both rating agencies Standard & Poor’s and Fitch Ratings assigned BB ratings to the 10-year bonds, as well as to Camargo Corrêa’s long-term issuer default rating in domestic currency and an A+ rating for foreign currencies. The rating agencies characterized all ratings as stable. Camargo Corrêa will use the bond issue to refinance its short-term debt. Published under Cement News
Brazilian civil engineering firm Camargo Corrêa has issued US$250m in senior unsecured bonds on international markets, local daily Valor Econômico reported. Both rating agencies Standard & Poor’s and Fitch Ratings assigned BB ratings to the 10-year bonds, as well as to Camargo Corrêa’s long-term issuer default rating in domestic currency and an A+ rating for foreign currencies. The rating agencies characterized all ratings as stable. Camargo Corrêa will use the bond issue to refinance its short-term debt. Published under Cement News
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