New York, December 11, 2015 -- Moody's Investors Service today placed under review for downgrade the Baa3 rated foreign currency debts guaranteed by Votorantim Participacoes S.A. ("Votorantim") and its subsidiaries and issued by Companhia Brasileira de Aluminio ("CBA"). The rating action follows Moody's rating action on December 09, 2015 that placed Brazil's Baa3 government bond rating under review for downgrade.
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