Fitch Ratings has published its Latin America Pulp Dashboard.
This dashboard explores key topics affecting the credit profiles of the major players within the Latin America market pulp industry. Items that are monitored in the report include: expectations of pulp prices, Chinese demand, cost curve, softwood and hardwood price differentials, and the expectation that free cash flow (FCF) should benefit from high sales volumes, reduced capex and weaker currencies.
Fitch's ratings for the Latin America pulp companies have built in an expectation of low prices for 2015 and credit fundamentals remain closely linked to cost positions that are among the lowest in the industry.
A complete review of these topics is included in the dashboard available at www.fitchratings.com or by clicking the link above.
Additional information is available at 'www.fitchratings.com.
Applicable Criteria and Related Research: Latin American Pulp Dashboard
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=865549
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