Fitch Publishes Brazilian Homebuilding Stats for 1H2015

RIO DE JANEIRO--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: Brazilian Homebuilding Stats -- First-Half 2015

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=871589

A perfect storm scenario is approaching for Brazilian homebuilders, according to a new report by Fitch Ratings. The sector faces rising unemployment and interest rates, deteriorating consumer confidence, a squeeze in credit lines for homebuyers, and higher saving account withdrawals.

Within this scenario, a robust liquidity position is a key factor to help offset the operating cash flow volatilities. Fitch expects downgrades to outpace affirmations during 2015. At the end of September 2015, 40% of Fitch-rated companies in the sector had a Negative Outlook/Rating Watch.

Fitch's 'Brazilian Homebuilding Stats' report for the first-half of 2015 provides a summary of the sector's risk and operating performance as well as credit metrics for 11 companies in Fitch's portfolio. It includes company-specific key credit strengths and concerns and a summary of the companies' liquidity positions, including debt maturities, as of June 30, 2015.

The report is available on the Fitch web site at 'www.fitchratings.com' or by clicking the link above.

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

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View source version on businesswire.com: http://www.businesswire.com/news/home/20150930006077/en/

Fitch Ratings
Fernanda Rezende
Director
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Fitch Ratings Brasil Ltda.
Praca XV de Novembro, 20 - Sala 401 B - Centro - Rio de Janeiro - RJ - CEP: 20010-010
or
Natalia Brandao
Analyst
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or
Jose Roberto Romero
Director
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Media Relations:
Alyssa Castelli, +1 212-908-0540
[email protected]

Source: Fitch Ratings

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