New York, June 11, 2014 -- Moody's Investors Service has assigned a Baa3 foreign currency rating to the proposed USD 400 million senior unsecured notes due 2024 issued by Companhia Brasileira de Alumínio (CBA) and fully and unconditionally guaranteed by Votorantim Industrial S.A. (VID). Proceeds will be used to prepay part of the company's outstanding notes due 2019, 2020 and 2021 and to reduce gross debt. The ratings outlook is positive.

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