OREANDA-NEWS. Fitch Ratings has affirmed Empresas Copec S.A.'s Issuer Default Rating (IDR) at 'BBB' and its national scale rating at 'AA-(cl)'. The Rating Outlook remains Stable.

Empresas Copec's 'BBB' rating reflects the strong business position, diversification and sound credit profile of its main operating subsidiaries Celulosa Arauco y Constitucion S.A. (Arauco, IDR 'BBB'/Outlook Negative; National Rating 'AA-(cl)'/Outlook Negative by Fitch), Compania de Petroleos de Chile S.A. (Copec) and Abastecedora de Combustibles S.A. (Abastible). The company also participates in natural gas distribution and the mining industry through minority investments in several companies and joint ventures.