Arauco Races to Avoid Junk Status on Brazil Bet

2026-03-17 - 18:10

Key Points — Arauco plans record capital expenditure of over $3 billion in 2026 and $2 billion in 2027, mostly to complete the $4.6 billion Sucuriú pulp mill in Brazil’s Mato Grosso do Sul — Net debt has nearly doubled to 5.15 times EBITDA, putting the company on negative watch by S&P and Fitch as