Both agencies maintained the Empresas Copec’ stable outlook, highlighting the Company’s healthy credit profile.

Fitch Ratings highlighted its strong and diversified portfolio, along with the solid commercial position of its main subsidiaries, such as ARAUCO, Copec and Abastible. Meanwhile, Standard & Poor’s projected that MAPA’s production volume would offset lower prices in the pulp market while highlighting the strengths of the rest of the group’s operations.

“These positive ratings recognize the Company’s consistency in its financial philosophy, and allow us to move forward with confidence in our growth and sustainable profits objectives,” said Rodrigo Huidobro, Chief Financial Officer of Empresas Copec, regarding the rating.