News Column

Fitch Publishes Brazilian Homebuilding Dashboard

May 30, 2014



SAO PAULO, Brazil--(BUSINESS WIRE)-- Fitch Ratings has published the Brazilian Homebuilders Dashboard.

The publication explores key topics affecting issuer credit profiles for the sector in Brazil. Items discussed include:

--Importance of operating efficiency and expectations of moderate improvement in profitability;

--Concerns about finished inventory;

--Expectations of CFFO recovery; and

--High refinancing needs.

A complete review of these topics including a review of the dashboard is available at www.fitchratings.com or by clicking the link above.

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

Applicable Criteria and Related Research: Brazilian Homebuilders Dashboard

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749556

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.



Fitch Ratings

Media Relations

Elizabeth Fogerty, New York

Tel: +1 212-908-0526

Email: elizabeth.fogerty@fitchratings.com

or

Jose Roberto Romero

Director

+55-11 4504-2603

Fitch Ratings Brasil Ltda

Alameda Santos, 700 - 7 andar - Sao Paulo - SP - CEP: 01418-100

or

Fernanda Rezende

Director

+55-21-4503-2619



Source: Fitch Ratings


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