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Fitch Downgrades Several Brazilian Construction Companies

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SAO PAULO--(BUSINESS WIRE)--Fitch Ratings has downgraded the ratings of several Brazilian construction companies including Construtora Queiroz Galvao S.A., Galvao Participacoes S.A. (GalPar), Galvao Engenharia S.A. (GESA) and Mendes Junior Trading e Engenharia S.A. (MJTE). The ratings for these companies remain on Rating Watch Negative, except MJTE, which was removed from Negative Watch. At the same time, Fitch maintains on Rating Watch Negative the following companies: Camargo Correa S.A., CCS

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