SAO PAULO, Brazil, May 22 /PRNewswire-FirstCall/ -- ULTRAPAR PARTICIPACOES S.A. (BOVESPA: UGPA4; NYSE: UGP), a company engaged in fuels distribution (Ultragaz/Ipiranga), production of chemicals (Oxiteno), and integrated logistics solutions for special bulk cargo (Ultracargo), hereby informs that the credit rating agency Moody's Investors Service ("Moody's") has assigned its Baa3 rating, equivalent to investment grade, to Ultrapar.
According to Moody's, the Baa3 rating reflects Ultrapar's track record of cost-focused management and the company's leading market position in all three of its business sectors, which are supported by continuous investments in its strong brands in the fuels distribution business and in research and development for specialty chemicals.
Additionally, the credit rating agency Standard and Poor's (S&P) has changed its outlook for Ultrapar's rating from stable to positive.
The investment grade rating highlights Ultrapar's cash generation capacity and sound financial management and corporate governance, reinforcing its strategy focused on value creation.
Andre Covre
Chief Financial and Investor Relations Officer
Ultrapar Participacoes S.A. DATASOURCE: Ultrapar Participacoes S.A.
CONTACT: Roberta de Carvalho Moreira, +55-11-31776839, for Ultrapar Participacoes S.A.
Web site: http://www.ultra.com.br/
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