Fitch Publishes Brazilian 'Dashboard: Sugar and Ethanol'

SAO PAULO--()--Link to Fitch Ratings' Report: Brazilian Sugar and Ethanol Dashboard

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=746297

Fitch Ratings published today, the Brazilian 'Dashboard: Sugar and Ethanol'.

The report discusses the main factors driving the credit quality of Brazilian sugar and ethanol companies based on financial figures reported for the 2013-2014 season.

--Main Factor: Even though the bulk of the price decline has already occurred, the currently depressed prices of sugar and the uncertainties regarding the behavior of ethanol prices in Brazil make the market challenging and increase refinancing risks for most of its participants.

--What to Watch: Tight liquidity, high leverage and behavior of both sugar and ethanol prices.

--Rating Impact.

A complete review of these topics and an overview of the sector are available at www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'.

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Contacts

Fitch Ratings
Claudio Miori
Associate Director
+55-11-4504-2207
Fitch Ratings Brasil Ltda
Alameda Santos, 700 - 7 andar, Sao Paulo, sp CEP 01418-100
or
Alexandre Garcia
Associate Director
+55-11-4504-2616
or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com

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Contacts

Fitch Ratings
Claudio Miori
Associate Director
+55-11-4504-2207
Fitch Ratings Brasil Ltda
Alameda Santos, 700 - 7 andar, Sao Paulo, sp CEP 01418-100
or
Alexandre Garcia
Associate Director
+55-11-4504-2616
or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com